Russia has won the oil war

Russia has won the oil war - PÉTER G. FEHÉR - via: MAGYAR HÍRLAP

• The West doesn’t seem too keen to enforce its $60 price cap on Russian crude

"Moscow’s leadership may not have been cheering loudly, but they probably still celebrated quietly within the walls of the Kremlin. 

After all, Russia has won the oil war. 

...However, it seems that the punitive measures introduced without any impact assessment have been seriously misguided, especially on the part of the EU.

Rather, the EU has punished itself by foregoing cheap Russian gas and being forced to buy expensive U.S. natural gas.

Strange as it may sound, the Brussels officials knew exactly that this would be the consequence of the sanctions they imposed....