Western buyers freeze payments for contaminated oil in extended Russian outage

[Turbineguy]

MOSCOW (Reuters) - Total and Eni have stopped payments for the contaminated oil sold to them by Russian firms and said they will only pay when compensation is agreed, trading sources said, upping the stakes in what the sources say is Russia’s worst oil supply disruption.

https://www.reuters.com/article/us-russia-oil-exclusive/exclusive-western-buyers-freeze-payments-for-contaminated-oil-in-extended-russian-outage-idUSKCN1SQ13C

[Me.]

1. Dirty Oil

how very traitor trumpian

[Wellstone ruled]

2. This is ugly.

As many as six Refineries were threatened with total shut down by the potential damage that might have happened.

Don't think for one minute Putin was not behind this. There has been a squabble over Pipeline rights between Putin and the EU Countries as to the who's Oil was to be Transported via a certain pipeline.

Nine million Barrels of Oil contaminated by Flush is one heck of a lot of product. Six billion Petro Dollars worth .

[ProudLib72]

3. So in Russia, you pay for contaminated oil first. Then you can claim damages

In theory, Western buyers are entitled to refuse to pay for oil they had bought without knowing it was contaminated because every contract for oil sales is accompanied with a quality passport that will show oil is not up to standard.

However, sales along the Druzhba pipeline are governed by Russian law which state that the payment must be made and if the quality is not good enough this must be accompanied by a claim for damages, which can then take months or years to process.

“Our position is clear. Western companies must pay and then submit claim damages that we can address later,” said a trading source with a major Russian producer.

It's western capitalism versus Russian dumbfuckerism. Pooty Poot, if you're listening, this is why you will never ever be able to compete on the world stage.

[lark]

4. Anybody want to bet me that the steel drumpf plans to buy from Deripaska is also bad?

It's just too perfect for PUtin not to be true, IMO.