The Duran Podcast Energy sanctions on Russia and seizing ships on the high seas
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May 24, 2025 Explore the proposed $30 price cap on Russian oil and its disconnect from economic realities. Uncover how U.S. sanctions impact global trade, especially with China and India, and the implications for oil prices. Delve into the decline of the U.S. merchant marine and its effects on military readiness. Examine the shifting landscape of shipbuilding, highlighting China's dominance. Navigate tensions in maritime security as ship seizures loom, alongside advancements in naval warfare technology. Understand Russian viewpoints on sanctions and their journey toward self-sufficiency.
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Flaws in Oil Price Cap Sanctions
- The EU's proposed $30 price cap on Russian oil lacks economic logic and is politically driven.
- Sanctions mainly target third countries trading with Russia, which risks alienating key powers like China and India.
Europe's Self-Inflicted Market Loss
- Europe relied heavily on Russian products beyond oil and gas, including diesel and fertilizers.
- EU sanctions have backfired by forcing Russia to build self-sufficient industries, permanently losing these markets.
US Economy Vulnerable to Russian Diesel Cutoff
- Russian oil and diesel are fungible commodities integral to global supply chains.
- Losing Russian diesel, which is crucial for US refineries and trucking, would cause prices to skyrocket and break US supply chains.