Reuters analyzes what would happen if Trump imposes sanctions on Russian oil
Reuters believes that the threat of secondary sanctions by Trump is very real and could severely hit Russia's fiscal revenue. India, the largest buyer of Russian oil, is engaged in complex trade negotiations with the United States and is highly likely to avoid escalating relations, preferring instead to choose other suppliers. Even China, a major partner of Moscow, may negotiate to lower prices, causing a decline in Kremlin's export revenue.
Reuters warned that oil and gas taxes account for nearly half of Russia's budget, and losing part of the revenue would be a heavy blow. At the same time, Gulf countries can relatively quickly fill the market gap caused by the reduction in Russian oil supply.
Trump said that he does not care about the reaction of the energy market in the event of new sanctions against Russia:
"No, I don't care. Our country has a lot of oil. We will increase oil production." - The President of the United States said.
Original: https://www.toutiao.com/article/1839023846089737/
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