European Union buying Russian oil and natural gas, only thru China and India. They are still paying full market price. Any sanctions will only increase the price of that oil. And threat of sanctions on China and India will result in counter sanctions or tariffs. The European NATO warmongers even balked at paying for Patriot missile defense systems for Ukraine. They are going broke but, you will not read it from the propaganda they are putting out. Macron and Meloni both said they did not have the monies to buy the Patriot defense systems for Ukraine. At some point, the European NATO warmongers will run out of monies.
Not really. The EU is lowering the price it is willing to pay for oil. If they are buying Russian oil via India and China then so be it. The Chinese and the Indians extracted long term, deep discounted contracts for oil from Russia and no doubt they are getting a mark-up when they resell it, even at the EU's price, duh. So that means that the EU has just joined into the market for deeply discounted oil and is still a reduction to Russian oil revenues. Unless you think China/India mark up the oil and send the mark up to Russia. Not how they roll. And if they do, well Trump has Plan B in the works. One of the pickles that Putin is in is - again- these long term, discounted contracts with India and China who squeezed him really hard when he had no market or a reduced market. Vlad's dilemma is that when oil goes up- as it does along with going down- he cannot benefit from it because his capacity is limited and the output is locked into all those long term contracts.
I will also mention that the Russian oil going to Europe comes via India and Turkey, not China. Both countries have become significant indirect sources of refined oil products for the EU due to the redirection of Russian oil exports. Europe imports refined oil products from India and Turkey, which are known to process Russian crude, essentially creating a loophole in sanctions.
Vlad is changing the landscape of oil production in his neighborhood and things are not necessarily going to revert to the prior situation even after the war ends. K-stan next door is pumping a pantload of oil these days but they have to pipe almost all of their oil through Russia. So Vlad still makes a pile of cash from them just by collecting the user fees for their using the Russian pipeline. Things get complicated though for the K-stan government. Sometimes the talk is that they should therefore be sanctioned, others say no. But it is big uncertainty and business risk. In addition- and this is no small matter- many of those pipelines that the Ukrainians destroy seemingly every day are the same pipelines that K-stan oil goes through. Not good for Kazakhstan which is just trying to stay out of sanctions and keep the crude pipeline flowing. And K-stan which was a major ally of Russia before the war is now independent and does not want to be in the war and wants to trade with all other countries, not just Russia. Sooooo...not surprisingly there is a major effort by the west and western energy companies to develop a pipeline for K-stan that does not go through Russia. Ain't no way that project/effort will stop even if the war stops tomorrow. Russia has them by the balls. But that is going to end and it will be a permanent loss for Russian power (and pipeline access revenue).