Can Russia Still Sell Russian Diesel to India and China?

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About 25% of Europe's diesel is coming from Russia. Getting rid of that overnight, which effectively happens on the 5th of February, is a big move. If we don't see Russian diesel barrels flowing to India and China instead, then we'll basically see that diesel will have to come off the market. And who might be most affected? Everybody would be affected in Europe.

Bonds issued by China’s highly indebted real estate developers have rebounded sharply over the past two months, the EU is on the brink of effectively severing ties with its biggest external diesel supplier, and pressure is mounting on Germany to send its highly prized Leopard tanks to Ukraine.

Mentioned in this podcast:

China property bonds rebound on support measures from Beijing

Oil market braces for fresh turmoil as EU prepares to cut off Russian diesel

Why are Ukraine’s allies arguing about tanks?

‘Free the leopards!’: Tank row heightens Germany’s isolation over Ukraine

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