Post by blustnmtn on Aug 7, 2024 12:10:46 GMT
oilprice.com/Energy/Crude-Oil/Russias-Arctic-Energy-Expansion-A-Geopolitical-and-Economic-Gambit.html
"The continued use of the Arctic Northern Sea Route (NSR) by Russian oil tankers sanctioned following its 24 February 2022 invasion of Ukraine underlines the ongoing critical importance of this route and the country’s Arctic hydrocarbon fields to President Vladimir Putin. That the final destination of one such high-profile vessel using the NSR path is China highlights one reason why Putin has pushed the expansion of the NSR and of Russia’s Artic operations so forcefully since the invasion of Ukraine’s Crimea region in 2014, as analysed in my latest book on the new global oil market order. Geopolitically, China is not just another major world power to Russia, but rather it crucially holds one of only five Permanent Member seats on the United Nations (U.N.) Security Council – these being occupied by the U.S., UK, France, China, and Russia itself. Just one veto on this Council is needed to block any significant U.N. Security Council resolution, including the authorisation for the stationing of any collective peacekeeping force in a country or indeed military action against one. It is China that has ensured that neither of these serious moves have been made against Russia either after its 2014 invasion of Ukraine’s Crimea or the widescale 2022 invasion."
"The continued use of the Arctic Northern Sea Route (NSR) by Russian oil tankers sanctioned following its 24 February 2022 invasion of Ukraine underlines the ongoing critical importance of this route and the country’s Arctic hydrocarbon fields to President Vladimir Putin. That the final destination of one such high-profile vessel using the NSR path is China highlights one reason why Putin has pushed the expansion of the NSR and of Russia’s Artic operations so forcefully since the invasion of Ukraine’s Crimea region in 2014, as analysed in my latest book on the new global oil market order. Geopolitically, China is not just another major world power to Russia, but rather it crucially holds one of only five Permanent Member seats on the United Nations (U.N.) Security Council – these being occupied by the U.S., UK, France, China, and Russia itself. Just one veto on this Council is needed to block any significant U.N. Security Council resolution, including the authorisation for the stationing of any collective peacekeeping force in a country or indeed military action against one. It is China that has ensured that neither of these serious moves have been made against Russia either after its 2014 invasion of Ukraine’s Crimea or the widescale 2022 invasion."
