Viet
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Are you sure Russia can afford this war for eternity? Then you should ask China if they are willing to buy Russia oil for eternity.I think that's the play but Putin will keep some forces in Belarus as decoy trump card
Best case scenario is eternal stale mate.
Likely remaining area 20% left will be taken in next 3-6 months followed by unilateral cease fire
It's then up to ukriane how much misery they want
Western oil price cap is $60.
Russia oil is traded at $50.
Russia oil production cost is $40.
So just $10 gap to bankruptcy.
If I was chinese I would only pay $41 for Russia oil.
Analysis: Russia may hike taxes as military spending, oil price weigh on budget
Russia is becoming too dependent on oil revenues to support its budget as it ramps up military spending, economists said, warning that the government may have to raise taxes if prices of crude fail to meet expectations this year.
www.reuters.com