1. The Ruble is falling. Putin can’t just print monies & fill up ATMs. It must be backed by something. Biden starved the Central Bank of Russia of precious Dollars.
2. America will suffer from these sanctions, but not as much as Russia. So how much misery is Putin willing to inflict on Russians & the Russian Economy?
3. Biden don’t want higher Oil prices. Higher Oil prices benefits Russia. China remains Russia’s strategic Oil buyer, & 40% of Russia’s Gold Reserve is held by China. Russia is now left with the option of selling its Oil in Rubles.
4. Although China is neutral & will continue to buy Oil from Russia, Chinese companies won’t defy America by dealing with Russia. Biden will sanction Chinese firms for defiance.
5. For now, Russia will continue to find its way around these sanctions, while EU & America will continue to stifle Russia & squeeze the noose on Putin.
6. An approximate 80% of Russia’s Oil sales is now settled in Ruble. Saudi Arabia & OPEC won’t sanction Russia. Russia will remain a member of the OPEC+.
7. Saudi Arabia won’t choose sides, the Kingdom will continue to remain neutral. Russia’s $630 billion buffer piled up in the West is now being targeted & frozen out by America & the West.
8. For how long will the Central Bank of Russia continue to support & bail out the Russian Government. Effects of these biting sanctions will get worse.
9. I don’t see Putin stretching his Crusade beyond what it already is. He should count his losses & go home. There is no winning this war. Not with this level of resistance from Ukrainians.
10. I am sure Vladimir Putin did not imagine he will receive these level of sanctions. Now if he goes nuclear, then he invites a WWIII. Deescalation should be the mood in Kremlin, the mood of all of Russia. Give peace a chance.
who is not a member of the OPEC+**
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