• GoodGuyWithACat [he/him]@hexbear.net
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    15 days ago

    China doesn’t have natural oil reserves so until we get a green revolution, they do need to trade within the rules of the petrodollar. Obviously things could change but this makes them pretty different from the USSR who was able to exist as a pariah state for some time.

    • SootySootySoot [any]@hexbear.net
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      14 days ago

      They are very much keeping Russia onside, probably with the awareness that there could come a time they rely almost solely on their oil.

      • Biggay [he/him, comrade/them]@hexbear.net
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        14 days ago

        Russia, Sudan, they also keep decent relations with Iran and Iraq IIRC, I dont think Venezuelans have a ton of easily accessible Oil trading partners but with less trading to America we could see ships not really caring about the Psuedo-blockade theyre under.