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OP is not really a solid source and the article's omissions of directly related matter undermines its credibility. India is right now chugging Russian oil like
by eternalban 4y ago
OP is not really a solid source and the article's omissions of directly related matter undermines its credibility.
India is right now chugging Russian oil like there is no tomorrow. But it may end up doing this tomorrow and years to come. India can do this and have its PR arms float the "but Russians helped us in the 70s that's why" as the cover story and ignore the largess from the West during globalization (a good chunk of IT section of US economy went to India) because everyone knows the controlling interest of global investment is shopping around for the 'Next China'. So this is trading Germany (industrial goods [+EU]) for 'next China' (production).
We wait to see whether long or short term [self-]interests will prevail.
- jmpman 4y agoI’m waiting for the western governments to force boycotting of any companies still doing business in Russia. Indian IT providers are still actively working in Russia, and would choose their US customers over Russia in a heartbeat. There are ways to incentivize India to stop drinking the Russian oil.
- eternalban 4y agoSure and that will drive up demand for non-sanctioned energy and prices will rise from their current lower demand levels. As India takes on more production responsibilities, its energy requirements will increase accordingly. Someone's done the math am sure.