this post was submitted on 12 Sep 2023
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Germany increased Russian oil imports 12 times: the scheme works through India (www.spiegel.de)
submitted 2 years ago by ooli@lemmy.world to c/germany@feddit.de
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[–] Killing_Spark@feddit.de 27 points 2 years ago* (last edited 2 years ago) (1 children)

So that title is very misleading. It did not increase russian oil imports by 12 times.

It did increase the imports through India by 12 times. And the oil coming through India is about 40% russian.

Edit: my point being, that that is still not great, in fact it's kinda pointless to pay more for the oil and the middle man still be partially russian owned. But we don't need to make exaggerated claims about this.

[–] Besen@feddit.de 8 points 2 years ago* (last edited 2 years ago) (1 children)

The oil sent to India for refining is much cheaper. If the price falls enough Russia will make little to no money.

[–] Killing_Spark@feddit.de 4 points 2 years ago

That's fair I assumed that the middle man would make it more costly but the smaller demand for Russian oil might make it cheap enough to cancel it out. The oligarchs of rosneft will still profit though