By David Manners 8th March 2022
How hard would a US/EU ban on Russian oil hit the world – and Russia?”
According to the latest UN Comtrade data, the combined effect of a US-EU import stop would be significant despite China being the largest recipient of Russian oil by a large margin.
Even just taking into account the countries included at the top end of this list, a ban would remove over 40% of Russia’s trade value from oil exports.
Counting the imports from all EU countries and the United States, this figure is more than 48% – trade worth $35 billion in 2020.
How much of the increase is due to speculators?
Without drill bits Russia won’t have any oil to sell, toot sweet.
I thought Russia made its own drill bits
I’m sure they can get cheap Chinese counterfeit drill bits, just like they did with the tyres on their armoured vehicles in Ukraine. Like the tyres, they might not last very long though ..
Drill bits are imbedded with ~50 one centimeter black diamonds. I would not be surprised if the steel is proprietary .
Your email address will not be published. Required fields are marked *
Ruminations on the electronics industry from David Manners, of Electronics Weekly.
Download the Elektra Awards 2022 media pack and book your sponsorship package to be part of the most prestigious awards event celebrating its 20th anniversary this year!
Get our news, blogs and comments straight to your inbox! Sign up for the Electronics Weekly newsletters: Mannerisms, Gadget Master and the Daily and Weekly roundups.
Read our special supplement celebrating 60 years of Electronics Weekly and looking ahead to the future of the industry.
Read the Electronics Weekly @ 60 supplement »
Read the first ever Electronics Weekly online: 7th September 1960. We've scanned the very first edition so you can enjoy it.
Read the very first edition »
Electronics Weekly teams up with RS Grass Roots to highlight the brightest young electronic engineers in the UK today.
Read our special supplement celebrating 60 years of Electronics Weekly and looking ahead to the future of the industry.
Read the Electronics Weekly @ 60 supplement »
Read the first ever Electronics Weekly online: 7th September 1960. We've scanned the very first edition so you can enjoy it.
Read the very first edition »
Tune into this Xilinx interview: Responding to platform-based embedded design
Tune into this podcast to hear from Chetan Khona (Director Industrial, Vision, Healthcare & Sciences at Xilinx) about how Xilinx and the semiconductor industry is responding to customer demands.
By using this website you are consenting to the use of cookies. Electronics Weekly is owned by Metropolis International Group Limited, a member of the Metropolis Group; you can view our privacy and cookies policy here.