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US has not asked India to cut Russian oil purchases, American official says
- reacharavindh 2y agoYeah, it’s a can of worms. If USA asks India to not buy oil from Russia for geopolitical reasons, India may ask them to not send arms to Pakistan for geopolitical reasons.
- jokestir 2y agoIf India does not buy oil from Russia, it will buy oil from ME which will put an upward pressure on an already expensive oil. This will further drive up the inflation in the west.
- jfengel 2y agoSanctions will always drive up inflation. The entire point is that you're willing to suffer some pain in the hopes of putting even more pressure on your target. If the US wanted to lower oil prices, they'd drop sanctions. But even more than they want cheap oil, they want Russia to leave Ukraine. India gets stuck in the middle. They can't as easily absorb an increase in oil prices. So the US has to decide how much pressure to put on India to participate in sanctions, knowing what damage it will do to Indian allies, whom they need for other things.