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March 16, 2022, 10:08:40 AM |
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White House Press Secretary Jane Sackie said, "We believe that India will not violate US sanctions by buying oil from Russia through discounts." However, he warned India that such a move would lead the world's largest democracy to the wrong side of history. India's largest refiner, Indian Oil Corporation, bought 3 million barrels of crude oil from Russia, Reuters reported on Monday. This is the first such transaction since Russia launched an operation in Ukraine on February 24. Indian officials also told Reuters that Delhi could accept Russian offers for oil and other products at a special discount. Link: https://www.independent.co.uk/news/world/americas/us-politics/russia-india-oil-deal-us-psaki-b2036822.html
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NeuroticFish
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March 16, 2022, 12:53:57 PM |
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White House Press Secretary Jane Sackie said, "We believe that India will not violate US sanctions by buying oil from Russia through discounts." However, he warned India that such a move would lead the world's largest democracy to the wrong side of history. India's largest refiner, Indian Oil Corporation, bought 3 million barrels of crude oil from Russia, Reuters reported on Monday. This is the first such transaction since Russia launched an operation in Ukraine on February 24. Indian officials also told Reuters that Delhi could accept Russian offers for oil and other products at a special discount. Link: https://www.independent.co.uk/news/world/americas/us-politics/russia-india-oil-deal-us-psaki-b2036822.htmlAs long as other countries, most known being Germany, keep buying gas and oil from Russia, I'm not convinced that India will care that much about all this. India can easily point fingers and shrug. They'll probably need something more palpable from the richer guys - either a better offer, either some clearer threats - in order to get to care. Unfortunately the countries and politicians are not as nice, good-willing and united as we'd like to believe. Everybody goes for his own interest as long as it doesn't look so bad to the others, and sometimes even if it looks bad it doesn't matter.
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Husires
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March 16, 2022, 02:10:39 PM |
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A complete oil embargo cannot be imposed unless all countries comply with that embargo. During the sanctions imposed on the Iranian regime, that country sold oil to some countries, and Russia's capabilities are much greater than Iran's.
It's gaining opportunities, Russia can sell oil at less than the world price and still be profitable, and the same for India, Russia is closer to them than Saudi Arabia and they can get them at a discount.
The problem lies in dealing in dollars, and this can be bypassed by using the barter system or by keeping mutual reserves between the two countries without the need to impose financial penalties on them because they did not use the dollar in those operations.
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avikz
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March 16, 2022, 03:37:14 PM |
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Does it matter? Many European countries are still buying from Russia. So what's the problem with India? It's hilarious to see when US speaks such non sense because they are the only country who are responsible for the most number of wars in the history of humankind.
Indians didn't forget 1971 war when Bangladesh was liberated from the hold of Pakistan by Indian forces. The entire world was against India except Russia. Russian submarines were present at the warfield by the request of Indian Prime minister Indira Gandhi. Take a little history lesson and you will understand why India refrained from voting against Russia in UN.
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gantez
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March 16, 2022, 03:40:48 PM Last edit: March 16, 2022, 04:09:33 PM by gantez |
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Russia sanctions is suppose to be within the EU and NATO countries but India is not part of it, and the restrictions extending there to India ? Russia will discount to more countries that are not NATO or EU for survival for the sale of oil or other products. I don't think India or China will stop buying from Russia, these countries are likely to form an alliance.
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JSRAW
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March 16, 2022, 05:04:26 PM |
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White House Press Secretary Jane Sackie said, "We believe that India will not violate US sanctions by buying oil from Russia through discounts." However, he warned India that such a move would lead the world's largest democracy to the wrong side of history. India's largest refiner, Indian Oil Corporation, bought 3 million barrels of crude oil from Russia, Reuters reported on Monday. This is the first such transaction since Russia launched an operation in Ukraine on February 24. Indian officials also told Reuters that Delhi could accept Russian offers for oil and other products at a special discount. Link: https://www.independent.co.uk/news/world/americas/us-politics/russia-india-oil-deal-us-psaki-b2036822.htmlThat's rich "Wrong side of history" coming from the Western block. How come these brown bastards with their beastly religion not following their masters. Blue eyed, white european from the civilised world are dying and they are not supporting us? This kind of entitlement and racist commentary i have heard in last couple of week from various commentators, think tanks mainly British-USA and for some weird reason couple of Portuguese as well. Having said that i would suggest that don't go by this single media briefing, this shouldn't hold much weight overall if you're following US-IND bilateral relations, it might hit a few roadblocks due to recent events or reasonable suspicions on both sides but they are getting better day by day. Both countries know that they need each other to contain China (on the other hand US-NATO has no use of India much as far as Russia is concern). Also avoid following any think tank commentary or interweb comments who are still wondering why India is not complying with western sanction or not voting against Russia. Fortunately and surprisingly DC understand the Delhi's situation. But in future if (Big if imo) by any chance India is facing any major sanction due to S-400, SSN lease etc then watch out if Beijing is reaching out to Delhi with olive branch.
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stompix
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March 16, 2022, 05:51:48 PM |
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It's gaining opportunities, Russia can sell oil at less than the world price and still be profitable, and the same for India, Russia is closer to them than Saudi Arabia and they can get them at a discount.
Not on this planet, it's not! In order for Russia to sell oil through a pipeline, it will have to go in the same direction as the TAPI pipeline, which means Afghanistan (lol), and Pakistan. I'm sure India would love to see them in a position where Pakistan could shut down the oil flow at any moment. The other way would be through China, which India is currently best buddies with, right? A direct line from the border to oil closest oil field would be around 2800km, if we go from Surgut to New Delphi in a straight line it's around 3600km and might have to cross some mountains, I don't remember clearly which but I have the impression they re some really tall ones ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) from the main ports of both counties, the distance is 2600. That being said, I can only hope India will buy Russian oil, it will put more pressure on the African and Arabian states that currently sell oil to India and make them drop the prices or be ousted. So what will they do if they can't sell oil to India anymore? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) That's rich "Wrong side of history" coming from the Western block. How come these brown bastards with their beastly religion not following their masters. Blue eyed, white european from the civilised world are dying and they are not supporting us?
Nice, just shows how uneducated and racist you are, poeple in Ukraine don't have all blue eyes, in fact, they have the lowest percentage of blue eyes in Europe, alongside France and Spain, with less than 1/4 of the population.
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JSRAW
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March 16, 2022, 06:07:55 PM |
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That's rich "Wrong side of history" coming from the Western block. How come these brown bastards with their beastly religion not following their masters. Blue eyed, white european from the civilised world are dying and they are not supporting us?
Nice, just shows how uneducated and racist you are, poeple in Ukraine don't have all blue eyes, in fact, they have the lowest percentage of blue eyes in Europe, alongside France and Spain, with less than 1/4 of the population. This kind of entitlement and racist commentary i have heard in last couple of week from various commentators, think tanks mainly British-USA and for some weird reason couple of Portuguese as well.
You clearly not following news or didn't read my full comment? https://www.cjr.org/the_media_today/media_bias_ukraine_war.phphttps://www.middleeasteye.net/opinion/russia-ukraine-war-racist-media-coverage-surprisedhttps://twitter.com/AlanRMacLeod/status/14979742457370501201. The BBC - “It’s very emotional for me because I see European people with blue eyes and blonde hair being killed” - Ukraine’s Deputy Chief Prosecutor, David Sakvarelidze 2. CBS News
"This isn't Iraq or Afghanistan...This is a relatively civilized, relatively European city" - CBS foreign correspondent Charlie D’Agata 3. Al-Jazeera
"What's compelling is looking at them, the way they are dressed. These are prosperous, middle-class people. These are not obviously refugees trying to get away from the Middle East...or North Africa. They look like any European family that you'd live next door to." 4. BFM TV (France)
"We are in the 21st century, we are in a European city and we have cruise missile fire as though we were in Iraq or Afghanistan, can you imagine!?” 5. The Daily Telegraph
This time, war is wrong because the people look like us and have Instagram and Netflix accounts. It's not in a poor, remote country any more. - Daniel Hannan 6. ITV (UK)
"The unthinkable has happened...This is not a developing, third world nation; this is Europe!" 7. BFM TV (France) (again)
"It's an important question. We’re not talking here about Syrians fleeing...We're talking about Europeans." 9. Guy on Spanish TV news channel La Sexta:
"These aren't like the other children that we've become accustomed to see suffer on TV, these children are blond with blue eyes, [so] this is very important" 10. Star UK media personality Matthew Wright on ITV's flagship show, "This Morning":
"The US has used [a thermobaric bomb] before in Afghanistan. But the idea of it being used in Europe is stomach-churning."
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stompix
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March 16, 2022, 06:18:39 PM |
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You clearly not following news or didn't read my full comment?
I read exactly your comment, and I will again claim you're both ignorant and racist when you accuse the western world of caring only about blue eyes poeple, even more so when you think that all Europeans have blue eyes, nobody in my family has blue eyes for example and I'm definitely European. And posting some random tweets means nothing, just proves how little you know and what stupid misleading sources you have for information. Triggered much? Most some more tweets, maybe till the end of the day you will still have time to grab a damn book.
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JSRAW
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March 16, 2022, 06:24:28 PM |
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You clearly not following news or didn't read my full comment?
I read exactly your comment, and I will again claim you're both ignorant and racist when you accuse the western world of caring only about blue eyes poeple, even more so when you think that all Europeans have blue eyes, nobody in my family has blue eyes for example and I'm definitely European. And posting some random tweets means nothing, just proves how little you know and what stupid misleading sources you have for information. Triggered much? Most some more tweets, maybe till the end of the day you will still have time to grab a damn book. Random tweets eh? lol okay whatever.
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savetheFORUM
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March 17, 2022, 04:55:36 AM |
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As long as other countries, most known being Germany, keep buying gas and oil from Russia, I'm not convinced that India will care that much about all this. India can easily point fingers and shrug. They'll probably need something more palpable from the richer guys - either a better offer, either some clearer threats - in order to get to care.
Unfortunately the countries and politicians are not as nice, good-willing and united as we'd like to believe. Everybody goes for his own interest as long as it doesn't look so bad to the others, and sometimes even if it looks bad it doesn't matter.
USA could afford to make a deal with Venezuela, what should India do? Just get even worse in economics? I mean we are talking about a nation that already seen enough poverty, and maybe it is better today than 100 years ago, but it is still not good enough that poverty would be gone, there are still tons of people in poverty, even though they now have a lot of rich people as well. They need to get as cheap oil as possible, as cheap gas as possible and even get as cheap wheat as possible if offered, they need to get under market value everything from all around the world not caring who offers it. That is how you grow as a nation and be better in the future.
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Obito
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March 17, 2022, 05:01:48 AM |
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Russia sanctions is suppose to be within the EU and NATO countries but India is not part of it, and the restrictions extending there to India ? Russia will discount to more countries that are not NATO or EU for survival for the sale of oil or other products. I don't think India or China will stop buying from Russia, these countries are likely to form an alliance.
I don't think that China and India will be on the same team, remember that they have a border tension back in 2021 so I don't think that they're going to be teaming up anytime soon. Did you base this hypothesis of one picture of an Indian aircraft just going through the Ukrainian airspace not worrying about the war?
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Wind_FURY
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March 17, 2022, 05:13:09 AM |
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In what currency will Russia be willing to accept, and in what currency will India be willing to purchase? It's expected that Russia will never accept the U.S. Dollar, or the Euro. Will payments be in physical Gold/other commodities, because that would only be the logical choice.
I believe, because of the U.S. government's financial cancellation and sanction on Russia, a narrative will surface. "The beginning of distrust over the World Reserve Currency/U.S. Dollar".
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Argoo
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March 17, 2022, 06:09:55 AM |
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Russia sanctions is suppose to be within the EU and NATO countries but India is not part of it, and the restrictions extending there to India ? Russia will discount to more countries that are not NATO or EU for survival for the sale of oil or other products. I don't think India or China will stop buying from Russia, these countries are likely to form an alliance.
This statement is incorrect. Now the entire civilized world is uniting to punish Russia with economic sanctions as an aggressor that unleashed a war against Ukraine and shelled peaceful cities and killed civilians. This is the largest war of conquest in Europe since the Second World War. But states are only just beginning to understand the danger of what is happening. Therefore, Germany is already joining the sanctions and supporting Ukraine with weapons. The US has also warned China not to have trade deals with Russia, so the same warning against India is logical. If Putin is allowed to go further, the entire human civilization may suffer. In the 21st century, with current technology, wars of this magnitude are unacceptable.
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laredo7mm
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March 17, 2022, 07:20:10 AM |
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Russia sanctions is suppose to be within the EU and NATO countries but India is not part of it, and the restrictions extending there to India ? Russia will discount to more countries that are not NATO or EU for survival for the sale of oil or other products. I don't think India or China will stop buying from Russia, these countries are likely to form an alliance.
I don't think that China and India will be on the same team, remember that they have a border tension back in 2021 so I don't think that they're going to be teaming up anytime soon. Did you base this hypothesis of one picture of an Indian aircraft just going through the Ukrainian airspace not worrying about the war? Only a senseless mind can think a democratic republic and a communist ideology will team up. It's not only about borders between two countries but also in the military, economic, agriculture sector both countries is rival. Though India is far behind china but with good political leadership it can compete with China with its huge manpower. I do not think there's any Indian commercial flight going through Ukraine airspace Its been closed for any commercial flight from other countries due to war.
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NeuroticFish
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March 17, 2022, 07:31:52 AM |
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USA could afford to make a deal with Venezuela, what should India do? Just get even worse in economics? I mean we are talking about a nation that already seen enough poverty, and maybe it is better today than 100 years ago, but it is still not good enough that poverty would be gone, there are still tons of people in poverty, even though they now have a lot of rich people as well.
They need to get as cheap oil as possible, as cheap gas as possible and even get as cheap wheat as possible if offered, they need to get under market value everything from all around the world not caring who offers it. That is how you grow as a nation and be better in the future.
Sorry, what?! Poor people exist all over the world. Do you really think that I just love to pay 50% more for gas, do you really think I love to pay more for electricity, heating, food, ..., while my income doesn't change a bit? But we have to show we are not selfish, he have to show we care about the others, even if that makes our lives too much harder for a while. I guess that's not the case for India, right, because they want to feel special. And the world doesn't owe them anything, the world doesn't have to provide anything. Want me to be harsh, here I am: stop multiplying like rats, start asking more money for your work and elect politicians that do more and steal less. This is something you have to do for yourselves, not waiting the world "care".
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Yogee
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March 17, 2022, 09:17:45 AM |
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"Wrong side of history" hehe. Here comes the US trying to act righteous as if they haven't done a lot of aweful things in the middle east.
Are they trying to pressure smaller countries again?
It wasn't also long ago when the Pakistan Prime Minister lashed out at EU envoys for sending a letter asking him to condemn Russia.
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Gozie51
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March 17, 2022, 09:39:51 AM |
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In what currency will Russia be willing to accept, and in what currency will India be willing to purchase? It's expected that Russia will never accept the U.S. Dollar, or the Euro. Will payments be in physical Gold/other commodities, because that would only be the logical choice.
I believe, because of the U.S. government's financial cancellation and sanction on Russia, a narrative will surface. "The beginning of distrust over the World Reserve Currency/U.S. Dollar".
You may be correct on the narrative because it looks like the three major currencies ($€£) are going to be difficult for transaction for Russia during this war with Ukraine because Asian countries are not very much in cordial transaction with these currencies. So I think these countries may start thinking of how to make less of a meaning with them soon after the war.
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so98nn
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March 17, 2022, 09:51:54 AM |
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White House Press Secretary Jane Sackie said, "We believe that India will not violate US sanctions by buying oil from Russia through discounts." However, he warned India that such a move would lead the world's largest democracy to the wrong side of history. India's largest refiner, Indian Oil Corporation, bought 3 million barrels of crude oil from Russia, Reuters reported on Monday. This is the first such transaction since Russia launched an operation in Ukraine on February 24. Indian officials also told Reuters that Delhi could accept Russian offers for oil and other products at a special discount. Link: https://www.independent.co.uk/news/world/americas/us-politics/russia-india-oil-deal-us-psaki-b2036822.htmlIts funny how they named it as "United". There is thing called as allies and everyone has it throughout the history. If they can not digest that their ally is friends with their enemy then they should straight away break the alliance rather than shouting from thousand of miles with small chit chats. Come on, if you america is so scared of one nation buying daily needed fuel then whats got into them is mystery. I would say they should do their own work and other countries should mind their own business. India's strategic aliance can not be broken. If America breaks it today then they know, they will loose big defending wall in the eastern hemisphere.
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The Cryptovator
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March 17, 2022, 12:19:03 PM |
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Why the US should warn? Don't they believe India is an Independent country? Do they only believe that Ukraine is an independent country? I am not supporting the Russia-Ukraine war anyway. Russia should stop killing people. But not agree with the US, the sanctions given by the USA, not by India or the world. It doesn't necessary to follow the US in every section. India is an independent country and they have the right to take their own decision. They have to think positively for their own nation, not for US or US citizens. The US should stop interfering in every country, it's quite ridiculous they want to role the world.
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