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by Aeolun
982 days ago
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Not particularly, but it probably does make yours irrelevant. Russians overseas send a grand total of $5M back to the country every month. Europe purchases a few million tons of oil, $5B/year. Numbers made up, and just for illustrative purposes. |
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Which makes it pretty dishonest, especially when you augment it with mixing month and year ;)
> Russians overseas send a grand total of $5M back to the country every month.
Remittances to Russian individuals are like $25B/year; this is a whole lot. Yah, oil industry revenues are 10x higher (after having about a 20-30% bite taken out of them by sanctions), but of course, in order to get that revenue a decent chunk of the hard currency has to flow back out of Russia to pay for various O&G related expenses.
It would be nice, of course, to trim down the O&G revenues more, but any policy actions that countries take against a hostile state need to hurt the adversary more than themselves, and it's not too clear how to go further on O&G and meet this criteria.