Trump's Oil Sanctions Leave Russian Exporters $1 Billion Richer

[modrepub]

Source: Bloomberg

U.S. President Donald Trump’s sanctions against Iran and Venezuela have inadvertently increased demand for a Russian brand of crude oil, boosting revenues for the nation’s exporters.

Russian oil companies received at least $905 million in additional revenues between November and July, data compiled by Bloomberg show. The calculation is based on difference between the Urals spread to the Brent benchmark over the period compared to the five-year average.

The sanctions added to a jump in demand for Russian crude in the wake of output cuts from the Organization of Petroleum Exporting Countries and their partners. As a result, Russia’s Urals blend of crude has started to regularly trade at a premium to Brent.

Read more: https://finance.yahoo.com/news/trump-oil-sanctions-leave-russian-040000349.html

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[htuttle]

1. "inadvertently"

LOL, that's a good one.

[lagomorph777]

8. You took my headline!

Yeah, Putin's plan is working very nicely thank you.

[Merlot]

9. Inadvertently, indeed!

I stopped reading at that point.

[lark]

2. "Inadvertently", my ass.

PUtin told him to do this to prove his loyalty to the master so of course drumpf did. The only thing he has any loyalty to is PUtin and that's because PUtin put him in office and could take him out anytime. I'm sure PUtin is giving him lots of carrots as well as the kompromat sticks.

[cstanleytech]

5. "Inadvertently", my ass." Agreed and Moscow Mitch is probably laughing his ass over it as well.

[lark]

6. The motions I see him making are licking his lips and rubbing his hands together in greed.

Russia and personal profits from them first, America and working class last, is what he, drumpf & PUtin have in common.

[Botany]

3. " ... inadvertently increased demand for a Russian brand of crude oil ..."

I wonder if we just moved Putin into the White House then we could cut out the middle man?

But what about HRC's emails?

[PandoraAwakened]

13. Yeah, the only email Putin couldn't hack, which is really what all that bullshit was about anyway.

[rurallib]

4. everyone is focusing on the same word - "inadvertently"

wonder why. Maybe Moscow Mitch could enlighten us?

[jpak]

7. ...

[rocktivity]

10. Greenland purchase news story mystery solved

A deal that Putin cashed in on? Just another of Trump's patented weapons of mass (media) distraction


rocktivity

[dhill926]

11. well, that is quite the coincidence...

[keithbvadu2]

12. Putting money into Trump was the best investment Putin ever made.

[agalisgv]

14. Puppet