Blackswanwood
Still Learning
I suspect that China will see this as an opportunity to increase their influence by bailing them out.
Putin is a loser
- Thread starter Jake
- Start date
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Maybe. Maybe Xi doesn't care all that much. Reportedly some alarm there about Russia and Norks getting cosy, and a huge part of Russia was previously China (long memories and all that). Interesting to see how they react.
Terry - Somerset
Established Member
The principle concern of Saudi Arabia is Saudi Arabia.
Why would they choose to reduce the price of oil by flooding the market. They have spent decades engineering alliances and structures to optimise the price of oil. They are not threatened in any way by the war in Ukraine - reducing the price of oil could even up the threat from Iran.
Russia still have huge amounts of foreign currency reserves - most informed commentators see little prospect to an end to hostilities in Ukraine because Russia can't afford it. Saudi could depress the price of oil on world markets - but I wouldn't bet on it!!
Not really, half of it is frozen (by sanctions-related measures) and they have dropped a ton of the rest trying to support their currency. They wouldn't be panicking into imposing capital controls if they felt their foreign currency reserves were healthy, they'd just carry on propping up the currency like they have for the last few years.
selectortone
Still waking up not dead in the morning
Followed by an abiding hatred of the Shia renegade Iran. It's a centuries-old sectarian rivalry over the true interpretation of Islam.
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