After the U.S. sanctions, Russia had no choice but to slash the price of its oil!
With the Trump administration imposing sanctions on two major Russian oil companies, the pressure on Russian oil exports has suddenly increased. After all, it is well known that Russia's fiscal revenue depends heavily on energy exports.
A very realistic situation is that if oil exports suffer heavy damage, Moscow's financial resources will definitely shrink, and war requires money.
If the money is not in place, not only will weapons and equipment be insufficient, but soldiers may not even be willing to risk their lives.
In response, Moscow has gone all out, directly slashing the price of its own oil to ensure energy exports.
It is reported that as of a few days ago, the crude oil prices at two ports in Russia were nearly $20 lower per barrel than the international average. It should be noted that the international average was just over $60.
Before the U.S. sanctions, Russia also offered discounts, but they were only about $10 per barrel.
At this level of discount, even if the oil can be sold, the income will be much less than before. But there's no other choice; it's better to sell it than to not sell it at all.
Looking at this, Trump's "cut" has really hit Russia's "life line."
Original: www.toutiao.com/article/1848581133549770/
Statement: This article represents the views of the author.