The US was purchasing about 12% of Russia’s total oil exports. Alright, that’s a decent figure. But, it isn’t as if Russia won’t have any other buyers in a world market where oil price has soared to $130 per barrel (thanks to Biden’s “sanctions from ” against Russia)?
Surely, any number of potential buyers would queue up if Russia were to offer compe ive prices (as it had been doing for the US companies) to divert the extra stocks due to Biden’s boycott.
At any rate, Biden can’t be unaware that Russia’s current budget is balanced on the belief that oil prices would be around $40-45 per barrel. With the current level of oil price, Russia is actually making a fortune! And the funny part is, it is a gift from Biden’s sanctions!
