Posted on 01/20/2023 5:45:55 AM PST by FarCenter
In his November 2022 visit to Moscow, Indian External Affairs Minister Subrahmanyam Jaishankar stated that “India will continue buying Russian oil as it is advantageous for the country.”
Buying Russian oil is both economically and strategically advantageous for India. Russian oil comes at a discounted price, which benefits India as it imports 85% of the oil it consumes.
India’s oil purchases also help steady the Russian economy amid Western sanctions over the war in Ukraine. India sees Russia as a “steady and time-tested partner” and welcomes a multipolar global order that includes Russia. This position is contrary to many Western countries that want to see Russia defeated.
When Western sanctions began crippling the Russian economy in April, Moscow offered discounted oil to India at as much as US$35 per barrel on pre-war prices. Russia also initially agreed to resuscitate the Cold War-era “rupee–rouble” trade mechanism, which would help it bypass sanctions.
The Russian share of India’s oil imports increased from 2% in February 2022 to 23% in November, unseating Iraq and Saudi Arabia from the top of the list. India has few options, as West Asian oil has been diverted to the European market to ease the impact of European economies’ decoupling from Russia.
(Excerpt) Read more at asiatimes.com ...
The same idiots advocating that America sacrifice everything for the Ukraine are the same people that hire Indian H-1B visa workers over Americans.
Interesting how many people think this is a bad thing forgetting that moving American manufacturing to china to save boatloads of cash on producing goods was a good thing. Gotta wonder.
We will soon see more layoffs. Layoffs in which Americans will be laid off BEFORE foreign nationals holding H-1B visas. When does the revolution start?
Meanwhile the hypocritical Europeans who are boycotting Russian oil, have no problem importing the diesel, gasoline and jet fuel that the Indians are refining from heavily discounted Russian crude. The Indians are smartly making a fortune. The Europeans are staying afloat. In fact discounted Russian oil has the effect of keeping world crude oil prices from rising. Unfortunately this cannot last forever. However Europe long term will depend on Indian refining capacity. They are not building new facilities for their mythical new green world.
Imagine that, a country doing something that actually is in their best interest...
Cut rate? As Russian men cut?
The Kremlin is drunk on oil and Wagner gold mines, they assume they have infinite amount of energy to win this war, does not matter how many Russians they kill in the process, they feel they can buy themselves any cannon fodder across the world.
Some Christian Orthodoxy for you.
As for India, they should be careful of that tempting bait of Russian corruption, Wagner might pay them a visit for fresh Krishna meat.
Since the imposition of the crushing sanctions, Russian energy export revenues are up 35% YOY.
“The Indians are smartly making a fortune.”
Good. Now maybe they can finally get everyone a flush toilet and also thoroughly cremate their deceased citizens.
India laundering Russian oil.....for the United States
Friggin lunatic.
You should see the posts I get from him.
And they don’t just bring in HB1s they bring in their entire families and extended.
There are some of our FRiends in need of some serious medication.... Generics of course because Ph’k big Pharma.... Looking at you Pfizer.
If you share I will have to respond with UMCRevMom’s and entropy’s crapola to me. Mutually assured destruction. ;-)
One simple question differentiates who I like from who I despise. Are you an American from India or an Indian in America. That tells you everything.
I am an American born in South Africa. On this I know from the core of my being. Ask that question. It will tell you everything.
You mean the nuke used to save Russians from Japan? The nukes you were begging us to use?
You are the psychopath riding the missile dildo you did not even build,
You are neither the sharpest knife in the marquise not the brightest bulb in the drawer. You sir are an idiot.
Be off with you.
If you lack the intellect to understand I was calling you Kong you are sub dolt.
Meanwhile, the US is exporting record amounts of energy while our prices here at home are soaring.
Ukraine is another scam.
Putin has to move move move his oil or the pipes and valves will freeze and burst, in the perma-frost regions that the oil originates. So of course he will sell it off for peanuts.
Idiot Vlad with his idiot war.
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