War and the complications added when the markets intervene. Yemen Houthis causing an extra 2 weeks travel time to containers is a cost coming down the line. More immediate is the Indians want Russian Oil but then they know the US may retaliate with sanctions if they pay in rupees. World is one weird place, it is like a game of Chess or worse again Poker.

Bill Browder

@Billbrowder

27th January 2024

Apparently India loves cheap Russian oil but is afraid of US sanctions if it pays in dollars so only offers Rupees. Russia has no use for Rupees, and 14 ships full of Russian oil are stuck. Seems a pretty good example that sanctions are working

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NEXTA

@nexta_tv

Jan 27

Reuters: 14 tankers with oil from the Russian Federation have been waiting for shipment from India for several weeks. All because of problems with payment – the Indian side refuses to pay for oil in dollars for fear of falling under US sanctions. They offer to pay in rupees,…

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