After more than a year of speculation and unofficial commentary, two of Ukraine’s top officials have now publicly confirmed what many analysts long suspected: the United States has asked Ukraine not to strike Russian oil and energy infrastructure. The first acknowledgment came from President Volodymyr Zelensky following a large-scale Russian missile, drone, and ballistic attack on Ukraine’s energy facilities.
      • peoplebeproblems@midwest.socialEnglish
        2·
        23 hours ago

        Ok, I looked this up as you were being serious. And I didn’t realize Russia had a price cap as the sanction, rather than halting all oil production. So it’s not that Russia undercuts the market, it’s that Russia isnt legally allowed to sell it for any amount above it.

        You’re right. They would want the price of oil to go down.

        But the point still stands that the US needs the price to go up to be profitable. Which puts this all in a really weird lens.