top | item 46727349

(no title)

filloooo | 1 month ago

Russia has always been selling it's oil and gas at a discount, that's why it had so much clout in the EU and CIS, nothing new, it's literally its geopolitical strategy since the Soviet Union.

All these talk of cutting off Russia won't last more than a year after the war, nobody refuses cheap energy, certainly not the cash strapped Europeans.

They'll probably be the world leader in critical metals and rare earth deposits if they invested more on prospecting and the ice melts.

discuss

order

Tade0|1 month ago

> Russia has always been selling it's oil and gas at a discount

No. Urals blend used to closely track Brent, now it's $10-20 below that. Chart here details the discount over time:

https://energyandcleanair.org/wp/wp-content/uploads/2026/01/...

Overall there's a clear trend of Russia's fossil fuel revenue declining:

https://www.russiafossiltracker.com/

> nobody refuses cheap energy

Only Russian gas was really cheap. The EU found other suppliers who don't pose such a geopolitical risk.