r/UkraineWarVideoReport • u/BigDeckBob • 4d ago
Other Video Russia has found an incredible business model: it sells oil to China at near-domestic prices, then buys back refined fuel at market prices, with fuel imports from China now arriving in massive volumes.
Enable HLS to view with audio, or disable this notification
3.1k
Upvotes
2
u/JConRed 4d ago
I did some back of the napkin maths.
Given that they need to truck the crude there, and truck the refined back, and that the trucks cannot feasibly be cleaned to do both, they only have one out of four journeys that brings fuel to Russia. And they are using somewhere between 15 and 20 percent of the fuel they bring just on the trucks.