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220 - Russian sanctions explained with Sony Kapoor

The David McWilliams Podcast

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Oil Prices Are Going Through the Roof

Every time the price of oil rises, what you sees russia expands. So it's no surprise to me that when the soviet union collapsed in the late eighties, it was also a coincidence with a lot of commodities all around the world. And that's where their power lies. But at the moment, as prices are going through the roof, russia is kind of rubbing its hands gon because people are still buying russian oil. Yes, only if you're buying it. It's very clear that we will end up not bying the ner. I think that's imperative, eh? And it's going to happen.

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