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Author Topic: US warns India over oil deal with Russia  (Read 673 times)
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March 19, 2022, 02:49:08 AM
 #41

Even though there are threats from America and other powerful countries, India will still carry out transactions with Russia. Actually, India is now in a very difficult position. On the one hand, they are afraid of threats from the NATO countries. Oil is cheap, even though they are threatened by America, India will still buy oil from Russia.
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March 19, 2022, 12:40:25 PM
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 #42

I have seen in the news lately that India buying oil from Russia isn’t a violation of the Western sanctions, but correct me if I’m wrong though. However, assisting Russia with weapons is a different thing and is a clear violation, in which India is staying away from that.

Lately, both US president Joe Biden and China president Xi Jingping are in a convo discussing about the Ukraine War situation, especially that Russia claims to be asking China for help in providing them military weapons and equipment. US already warned China about that and may face Western sanctions for helping the enemy.

Now US is bracing themselves to find an alternative in buying oil because they have stopped buying Russian oil after these sanctions are made by the Biden administration.

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March 19, 2022, 03:01:50 PM
 #43

And bloc do India belong to that has agreed to sanction Russia and could punish India for not doing as agreed? Last I checked it's not in the EU or NATO and the UN hasn't agreed on anything regarding said sanctions.

And seriously, are they asking India to stop buying oil while several EU members are still doing the same?
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March 19, 2022, 04:19:23 PM
 #44

I have seen in the news lately that India buying oil from Russia isn’t a violation of the Western sanctions, but correct me if I’m wrong though. However, assisting Russia with weapons is a different thing and is a clear violation, in which India is staying away from that.

Lately, both US president Joe Biden and China president Xi Jingping are in a convo discussing about the Ukraine War situation, especially that Russia claims to be asking China for help in providing them military weapons and equipment. US already warned China about that and may face Western sanctions for helping the enemy.

The US is putting pressure on all countries that are buying Russian oil and countries that want to help Russia avoid sanctions from them. US is trying to push the Russian economy into an irreversible abyss.
US president Joe Biden spoke with President Xi Jinping about the ongoing war in Ukraine but are India and China listening to what the US wants?

Now US is bracing themselves to find an alternative in buying oil because they have stopped buying Russian oil after these sanctions are made by the Biden administration.

Iran and Venezuela are said to be two oil suppliers to the US and the world after Saudi Arabia rejected the US offer, but on condition that the US lift all embargoes against those two countries and return all frozen assets.



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March 19, 2022, 06:20:31 PM
 #45

We can't go on like this. I mean I get that there could be sides of this war, there could be west vs Russia type of war and everyone could make their own dealings with it.

However, I do not understand the forcing nations to pick a side. I mean if India or any other nation provided soldiers and money and help to Russia to win this war, then I would understand how that could be bad, after all you are helping one nation to hurt the other one, and in that case there is a choosing a side. But, if I want to buy oils from both the USA and Russia at the same time during this period, I should be able to. You can't just warn people for business.
This is what west wants, Russia is wrong, we all know Russia is wrong and we all know what Russia is doing right now is evil. However west wants everyone around the whole world to stop working with them and helping them get richer. If you keep getting oil from them, you will be getting some sanctions as well, and in that case you will be getting even worse. But if you do not get cheap oil from them, then inflation will be horrible.

Oil is not just for your cars, it increases prices of everything, even your regular food gets higher because all those trucks that get the food from the farms to supermarkets uses fuel. Hence they are saying get worse economically but still decline to work with Russia.
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March 19, 2022, 06:32:12 PM
 #46

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
I think India's stand on this is absolutely correct, they are very good allies with Russia since very long. Now when the whole west has handed over sanctions to Russia, I feel India has been on the side of it's best Ally. But obviously USA wants all the countries to take it's side. I understand that Russia has been aggressive on Ukraine but still the reason Russia is giving is pretty valid.
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March 19, 2022, 11:15:54 PM
 #47

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
I think India's stand on this is absolutely correct, they are very good allies with Russia since very long. Now when the whole west has handed over sanctions to Russia, I feel India has been on the side of it's best Ally. But obviously USA wants all the countries to take it's side. I understand that Russia has been aggressive on Ukraine but still the reason Russia is giving is pretty valid.

At the end of the day, the government will choose what is best for their country. Because it is their people they are serving here. I understand the sanctions towards Russia. But if they will have penalty for countries who will oppose such sanctions, are they going to carry the burden of India's government, for example? In the end, the government will choose what is best for them. Their citizens need to survive during this pandemic and war crisis. Increasing prices are quite heavy to shoulder by regular people. So they need to weigh things which is best for them.
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March 20, 2022, 06:34:14 AM
 #48

Ignore the pressure of the United States, India continues to buy cheap oil from Russia, like China and India have never felt afraid of the threat of NATO ally countries, the proof is that until now they still have very good relations with Russia, I am very sure that India and China will continue to make transactions with Russia. Russia, as long as they benefit..
India should not be jealous with china and they should not copy what china are doing where they continue the transactions from Russia because these two countries are friends and china have no issues with the sanctions but for India? I am not sure of it.

They can say that they are friends with Russia but they can be included on the restricted countries according to the sanctions that is given to Russia. They should not ignore the threats of the USA because if they insist what they are planning then they are going to be the next on the list and they will be awarded by a sanction same with Russia. I do not think they can survive it but Russia can because they are more stronger.

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March 20, 2022, 10:47:35 AM
 #49

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
In my own opinion, any country including India has to decide what is the best interests of India. India is an independent country and they have the right to take decision. India does not need dictation from the United States.
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March 20, 2022, 10:52:09 AM
 #50

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
In my own opinion, any country including India has to decide what is the best interests of India. India is an independent country and they have the right to take decision. India does not need dictation from the United States.

They should be and there nothing to be afraid of US especially that they are not small country to be threatened by them. India should do what's best for their country and if this could help to ease the growing inflation happening around the world then they should deal with it, it could also possibly ease the tension towards the crisis happening right now.

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March 20, 2022, 08:14:49 PM
 #51

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

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.
Yeah, it's a big problem that there actually is no unity regarding relationship with Russia. Some NATO countries, some European countries are really cutting their ties more and more, while some just don't care that their money is now financing terrorism, quite literally. Germany lost two world wars, but I guess they still didn't learn to choose the right side, unfortunately. And it's even fair that if Germany's okay giving billions of dollars to Russia right now, then India is fine with such things as well. What they don't get is that not cutting ties with Russia is not in their best interests, and that even economically, I'm sure such countries will lose in the end.

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March 21, 2022, 02:10:56 AM
 #52

I have seen in the news lately that India buying oil from Russia isn’t a violation of the Western sanctions, but correct me if I’m wrong though. However, assisting Russia with weapons is a different thing and is a clear violation, in which India is staying away from that.

Lately, both US president Joe Biden and China president Xi Jingping are in a convo discussing about the Ukraine War situation, especially that Russia claims to be asking China for help in providing them military weapons and equipment. US already warned China about that and may face Western sanctions for helping the enemy.

Now US is bracing themselves to find an alternative in buying oil because they have stopped buying Russian oil after these sanctions are made by the Biden administration.

I think you are not actually following the news. The USA urges other countries to cut off their business with Russia and India is no exception. They even threaten India to put sanctions if they are not cooperating with them. You are talking about military help for Russia to assist them in the war with Ukraine. I do not think India has that type of capability or guts to assist militarily to a military might like Russia. The only way India could help Russia is by buying Russian oil and gas which the USA warned for.

Joe Biden and Xin Jinping really discussing the Ukraine war situation! when did that happen? I saw Chinese official's statement about supporting Russia and criticizing NATO about their eastern expansion. In terms of military help, I think Russia doesn't need that from china. If there is any country more capable in terms of military might after the USA that is Russia.

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March 21, 2022, 02:37:35 AM
Merited by stompix (1)
 #53

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
I think India's stand on this is absolutely correct, they are very good allies with Russia since very long. Now when the whole west has handed over sanctions to Russia, I feel India has been on the side of it's best Ally. But obviously USA wants all the countries to take it's side. I understand that Russia has been aggressive on Ukraine but still the reason Russia is giving is pretty valid.
Not disagreeing with you overall because India-Russia relation goes way back and it's time tested friendship if we check the history books. But want to add few things for more clarity on this topic.

Delhi never use this keyword "Allies" for anyone, instead they use "Strategic partner" which is more appropriate for multipolar world. India desperately want multipolar world not bipolar that's why they try to engage with everyone on diplomacy level and try to balance everything. So far they have been very successful but this is going to tough task in future, although recent QUAD statement which came yesterday is very positive as far as India's position on Russia-Ukraine is concern.

GOI still trying to balance power equation for various reason. Make no mistake Delhi is very pissed at Moscow due to their recent adventure but they can't do much about it for various reasons, mainly due to dependence on weapons (Almost 65% weapons are of Russian origin), although they are diversifying for a quite some time but this is a long and tedious process due to Western block attitude barring France. There is a possibility that situation might change a bit in future (Read QUAD).

And then we already have hot borders with 2 nuclear adversaries. Pissing off 3rd nuclear power doesn't make sense, who happens to be your arm exporter, no matter how much virtual signalling coming from the West because everyone is clear that all they are gonna do is lip service if India is facing 2 front war.

As far as this oil debate goes. India only import 2% of oil from the Russia and even if India increase this share by 7-10% (Which is highly unlikely) I still don't see any sanction on India because last i check there is no ban on Russian oil, traders are not buying it but there is no ban whatsoever. Although if India facilitate this (7-10% oil trade) with Rupee-Ruble then may be, may be situation could get tricky.


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March 21, 2022, 08:29:45 PM
 #54

GOI still trying to balance power equation for various reason. Make no mistake Delhi is very pissed at Moscow due to their recent adventure but they can't do much about it for various reasons, mainly due to dependence on weapons (Almost 65% weapons are of Russian origin), although they are diversifying for a quite some time but this is a long and tedious process due to Western block attitude barring France. There is a possibility that situation might change a bit in future (Read QUAD).

And then we already have hot borders with 2 nuclear adversaries. Pissing off 3rd nuclear power doesn't make sense, who happens to be your arm exporter, no matter how much virtual signalling coming from the West because everyone is clear that all they are gonna do is lip service if India is facing 2 front war.
If it was only about the weapons, they could have spent the same money to USA and get them very easily, hell give all of your Russian weapons to USA who will use it to either destroy them or research them very well, then we would not be able to even see them pay anything for the new weapons, the USA would give it to them for free.

However, it is about not pissing off your neighbors part. I mean think about it, we have seen Europe do literally nothing themselves, just put sanctions and that's it, in a war that is happening literally in Europe right now. Whereas India is far away from the west, if one day Russia gets mad and attacks India because of it, the West nations will not shed a single tear about it for sure.
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March 21, 2022, 11:32:21 PM
 #55

What does this wrong side of history mean by the way?

The US will still need India even if India will keep buying gas and oil from Russia. They need India to deter China after Russia so whatever India will do will just have to be done and the US couldn't stop them because they know they are much needed as geographically, India is closer to China.

How is such a move going to put India on the wrong side of history? Buying gas from anyone regardless of who they are means democracy.  
It's the same thing as the US allowing Iran to have a nuclear deal with Russia so that does also puts the US on the wrong side of history?

It does not really mean anything, the US wants a certain outcome to happen but they are not willing to offer anything to make it a reality so they are relying on their rhetoric to try to get India to their side, and it seems the government of India does not care and they are taking the pragmatic approach of buying Russian oil and gas for a discount, will future historians judge them for that? I doubt it, and even if they did the effect on the country will be minimal at best.
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March 22, 2022, 04:52:03 AM
 #56

Even if all the western countries stopped buying oil from Russia still China and India is enough for Russia to export all the goods, also US can't impose sanction on India because it is one of their biggest revenue making industry from Google, Facebook, Microsoft so I don't think there isn't going to be any sanction.










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March 22, 2022, 06:28:27 AM
Last edit: March 22, 2022, 07:17:29 AM by stompix
 #57

US can't impose sanction on India because it is one of their biggest revenue making industry from Google, Facebook, Microsoft so I don't think there isn't going to be any sanction.

Lol, you realize what you're saying? Biggest revenue market???

Quote
In 2021, 46 percent of Alphabet's revenue was generated in the United States and 30 percent in Europe, the Middle East, and Africa and 18% in APAC. In fiscal year 2021, Google India's revenue stood at nearly 64 billion Indian rupees. The company’s overall profits in the country rose by almost 38 percent compared to the previous year. In 2021, Google's ad revenue amounted to 209.49 billion U.S. dollars

That's less than 1%.

Quote
Microsoft Annual Report 2020
All-up, we delivered $143 billion in revenue, $53 billion in operating income.
Microsoft Corporation (India) has clocked a 21.6 per cent rise in revenue to Rs 8,882.8 crore in FY 2019-20

Still less than 1%.
How could a country where 91% of the computers run on pirated windows versions amount to the biggest share in sales?

As far as this oil debate goes. India only import 2% of oil from the Russia and even if India increase this share by 7-10% (Which is highly unlikely) I still don't see any sanction on India because last i check there is no ban on Russian oil, traders are not buying it but there is no ban whatsoever.

You stopped short of pointing out a really interesting thing. India imports 2% of its oil from Russia, and 8% from the US. nevertheless, one of the few posts that make sense well beyond the national pride that seems to be the only reasoning in others.

And for a lot of people on this topic, this news might come as shock:
Union Minister Hardeep Singh Puri has cleared the air over Russian oil imports. Speaking in Parliament, he said that the government has imported only 0.2% of their requirement from Russia.
and this one:
India's oil imports from US to rise by 11% amid criticism over Russia purchase

I'm definitely waiting for the comeback of all the ones that were so radical on this issue just a few days ago, popcorn time!!!

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March 22, 2022, 06:52:35 AM
 #58

Even if all the western countries stopped buying oil from Russia still China and India is enough for Russia to export all the goods, also US can't impose sanction on India because it is one of their biggest revenue making industry from Google, Facebook, Microsoft so I don't think there isn't going to be any sanction.


As long as in each of these countries there are still relationships or businesses, the US will not be able to arbitrarily impose sanctions.
the war between Russia and Ukraine really had an impact on many things,
it's really complicated and we don't know what's really going on so just follow the latest news

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March 22, 2022, 10:34:12 AM
 #59

Countries that have relationships with Russia, of course, will be suppressed by US and Europe so that they do not work with Russia's expectations to immediately stop the war, but the gas supply from Russia is very important for India, especially to find a replacement supplier, of course it takes a long time, of course India will be difficult to obediently with the US because of the high dependence on Russia.


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March 22, 2022, 10:41:12 AM
 #60

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

Hmm...haven't BP or Shall back paddled on their promise of buying OIL from Russia after prices dropped significantly? I mean, India isn't doing anything those companies aren't as well. This seems like bullying from the US, maybe they should have had a more diplomatic relationship with India beforehand and not threaten them so freely. I am not saying that India should be doing this, but pointing a finger of blame is just not good diplomacy.

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