LMAO: India resells Russian oil to the European Union.

[Don Pedro Dinero]

I first saw this in a Spanish forum, but I see that a national newspaper in Spain has brought it out.

https://www.elmundo.es/economia/macroeconomia/2022/06/04/629a1c44e4d4d8fb2a8b460d.html

In English:

https://www.marketwatch.com/story/why-india-is-set-to-win-big-as-eu-bans-russian-oil-imports-11654021874

India is receiving 600,000 barrels per day from Russia compared to 90,000 barrels per day last year, which buys at below market price, refines and sells at a higher price to Europe. What a masterstroke by the European Union, LMAO.

Nobody thought of this? Last Friday the EU adopted sanctions banning oil imports from Russia.

https://thehill.com/policy/energy-environment/3511129-eu-officially-adopts-russian-oil-embargo/

Once this has come to light, what are they going to do? Not buy from India? It reminds me of exchanges or other entities that don't want tainted coins.

I put this comment here because I think it is the key to the issue:

Once the oil is refined in to diesel, it will be impossible to know about it's origin. And here, the situation is further complicated by the fact that the two oil companies who have purchased huge amounts of oil recently (Nayara Energy and Reliance Industries) also import a lot of oil from Iraq and Saudi Arabia. So they can always claim that the diesel they sell to the EU is sourced from Iraqi crude. After all, it is same substance with the same chemical composition coming from different oil wells. There is no 100% accurate method to find out how many molecules came from Russia, and how many came from Iraq.

So India claims that what it sells to the EU does not come from Russia, the EU claims that what it buys does not come from Russia, when most likely at least some of what it buys from India comes from Russia, and more expensively. LMAO.

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[mindrust]

Indians are making money, Russians are making money, Europeans getting robbed and still buying the Russian gas.

Brilliant scheme.

Lmao What happened to Europe’s unicorn fart powered windmills anyway? I thought oil/gas was outdated… What happened to WEF’s push for zero carbon footprint?

[Gyfts]

This is old news but the U.S. was very upset about India buying oil from Russia. In fact, the U.S. believed it was bestowed upon them to dictate the bilateral trades of other countries and complicate them with their own internal political turmoil. Seems very arrogant.

https://www.independent.co.uk/news/world/americas/us-politics/russia-india-oil-deal-us-psaki-b2036822.html

I don't think anything came out of the ordeal, other than some words critical of India's purchasing habits with Russia.

If this story is legitimate -- then good for India. They have an obligation to their billions of people to fuel their energy needs and grow their economy.

[dothebeats]

Eh, they are still going to buy it until OPEC countries ramp up their production. Europe still needs oil, and even though it looks like Russia is going around these sanctions, at the end of the day demand will still make EU buy these things since they are relatively cheaper and easier to get. They can express their disappointment all they want but in the end it's still just business for India and Russia. The West can be petty about it but India needs to profit, and they need the oil and they get it.

[STT]

which buys at below market price, refines and sells

India has very few oil reserves like China, two of the worlds most populated countries but they do intend to have refining capability and have built alot of assets on that basis.   They need to process oil to justify the cost of those operations while having little oil and with elevated market prices probably not creating much opportunity.  They might fall in line later on but Im not sure if they are allied with Russia or not, seems they are not from last Ive read on it.   Pakistan changed leader after appearing to back Putin, the government dismissed the prime minster though that too is disputed no doubt.

[goldkingcoiner]

This is the reason, or at least one of the many reasons to never trust politics, politicians or other business crooks, who hide their real intentions behind a poisonous smile. None of them care about morality in the slightest. Don't be fooled.

India is just doing the same as EU has been doing since the EU even came into existence. Chipping away at morality for the sake of money and power...

[AmoreJaz]

This is the reason, or at least one of the many reasons to never trust politics, politicians or other business crooks, who hide their real intentions behind a poisonous smile. None of them care about morality in the slightest. Don't be fooled.

India is just doing the same as EU has been doing since the EU even came into existence. Chipping away at morality for the sake of money and power...

well, it just shows who is the smart one in this market.  lol for sure, india is just laughing at this situation and they are gaining a lot from this war situation. we can't blame them, this is a good opportunity for them and they grabbed it, why not? after all, business is business.
politics will always play a role in this humanity. and if they can gain from it, they will go for it. it is a matter of survival also.

[TravelMug]

India deny it though,

“There’s an enormous shortage of oil...Getting access to oil is difficult. A country like India would be crazy to get oil from somebody and sell it to somebody else. This is nonsense,” he said when asked about the reports at the ‘GlobeSec Bratislava Forum’ conference in the Slovak Republic on Friday.

https://www.thehindu.com/news/national/india-is-not-a-conduit-for-russian-oil-sales-jaishankar/article65491475.ece

But we really don't know who is saying the truth here. India is playing their cards very well here and it's up to us to who really believed or who to side in this story. And let's see if US is going to sanction India or it is just a empty threat as we all know that the US-India relationship as far as political and non-political interests are.

[Sithara007]

I had already mentioned about it a few days back:

Being a resident of India, I would say that this is true. Although I don't have accurate figures for import of LNG from Russia, various media sources have published the volume of imports of crude oil from that country.

Here is one source:
https://timesofindia.indiatimes.com/business/india-business/indias-imports-of-cheap-russian-crude-surge-since-ukraine-invasion/articleshow/91897107.cms

As per TOI, this is how the crude oil imports from Russia have zoomed up:

March 2022: 97,000 barrels per day
April 2022: 240,000 barrels per day
May 2022: 775,000 barrels per day
June 2022 (projected): 935,000 barrels per day

If I am not wrong, now India is the second largest importer of Russian crude (if EU is not taken as a single country). China is importing 2,000,000 barrels of crude per day from China, with around 1.1 million coming from oil tankers and the rest transported through pipeline.

This month, India is expected to import almost a million barrels of Russian crude per day, which is almost 35 times the volume for 2021. And the Indian consumers are not benefitting from these imports. Most of this crude is refined to diesel and gasoline and then exported to European Union and other South Asian nations. And the Indian government is in talks with Russia to further increase the imports later this year, if Russia is willing to increase the discount. As of now, the discount is $30 to $35 per barrel. The Indian government is requesting for discounts in the range of $45-$50 per barrel.

[cabron]

I had already mentioned about it a few days back:

Being a resident of India, I would say that this is true. Although I don't have accurate figures for import of LNG from Russia, various media sources have published the volume of imports of crude oil from that country.

Here is one source:
https://timesofindia.indiatimes.com/business/india-business/indias-imports-of-cheap-russian-crude-surge-since-ukraine-invasion/articleshow/91897107.cms

As per TOI, this is how the crude oil imports from Russia have zoomed up:

March 2022: 97,000 barrels per day
April 2022: 240,000 barrels per day
May 2022: 775,000 barrels per day
June 2022 (projected): 935,000 barrels per day

If I am not wrong, now India is the second largest importer of Russian crude (if EU is not taken as a single country). China is importing 2,000,000 barrels of crude per day from China, with around 1.1 million coming from oil tankers and the rest transported through pipeline.

This month, India is expected to import almost a million barrels of Russian crude per day, which is almost 35 times the volume for 2021. And the Indian consumers are not benefitting from these imports. Most of this crude is refined to diesel and gasoline and then exported to European Union and other South Asian nations. And the Indian government is in talks with Russia to further increase the imports later this year, if Russia is willing to increase the discount. As of now, the discount is $30 to $35 per barrel. The Indian government is requesting for discounts in the range of $45-$50 per barrel.

Suddenly rise of importation, its a money machine for India. If Russia intends to help his allies, this is the kind of help that will help India. The whole India benefits from it, with gas supply, the prices of goods will not spike high.

This is a  rising country that is just starting its growth, speculated to become superpower as well. Will Russia be upset about it if its true that they resell to EU?  Its pretty much a business after all.

[adaseb]

This is why I knew these sanctions wouldn’t of done anything. If anything it’s hurting the consumer because traders are buying up the crude oil futures and everybody suffers at the pumps.

But the non sanctioned countries buys the oil and they resell to a sanctioned country with Russia. Makes pretty much no sense.

Like putting money in one pocket and out the other. They need to sanction all the countries for this to work.

[Don Pedro Dinero]

I had already mentioned about it a few days back:

This is old news but the U.S. was very upset about India buying oil from Russia.

The fact that India buys oil from Russia is not new, but it is not what I wanted to emphasise in the thread. What I wanted to emphasise was the European Union making a fool of itself by buying more expensive Russian oil from India.

What does the US have to say to the EU now for buying Russian oil from India? Or is it just going to blame India and turn a blind eye to the EU?

India deny it though,

“There’s an enormous shortage of oil...Getting access to oil is difficult. A country like India would be crazy to get oil from somebody and sell it to somebody else. This is nonsense,” he said when asked about the reports at the ‘GlobeSec Bratislava Forum’ conference in the Slovak Republic on Friday.

https://www.thehindu.com/news/national/india-is-not-a-conduit-for-russian-oil-sales-jaishankar/article65491475.ece

But we really don't know who is saying the truth here. India is playing their cards very well here and it's up to us to who really believed or who to side in this story. And let's see if US is going to sanction India or it is just a empty threat as we all know that the US-India relationship as far as political and non-political interests are.

Thank you, we have no way of knowing who is telling the truth, I'm afraid. What I think is that the EU must be buying the oil from somewhere that it used to buy from Russia, I don't think they have magically stopped consuming 2.5 million barrels a day.

https://theconversation.com/que-ocurriria-si-europa-dejara-de-comprar-petroleo-a-rusia-178253

[romero121]

Indian recently made a tax cut on petrol and diesel. Maybe the reselling of fuel could've let the government lower the excise duty. The ruling government increased the excise duty more than 10% and now it has made a 3% cut finding the compensation out of selling to the European countries. Somehow Indian government is making money out of the war crisis. Recently US condemned India, but the news wasn't transparent and condemn was made for some other reason.

[South Park]

This is why I knew these sanctions wouldn’t of done anything. If anything it’s hurting the consumer because traders are buying up the crude oil futures and everybody suffers at the pumps.

But the non sanctioned countries buys the oil and they resell to a sanctioned country with Russia. Makes pretty much no sense.

Like putting money in one pocket and out the other. They need to sanction all the countries for this to work.

Regardless of all the talks we have listened for the past months the European Union needs the oil and gas coming from Russia, maybe over the long term with an effective set of policies they could reduce their reliance on Russia, but for now this is not something possible for them, so how to solve this on the short term? They cannot do it, which is precisely the reason we are seeing something as nonsensical as this happening.

[Sithara007]

~~~
The fact that India buys oil from Russia is not new, but it is not what I wanted to emphasize in the thread. What I wanted to emphasize was the European Union making a fool of itself by buying more expensive Russian oil from India.

What does the US have to say to the EU now for buying Russian oil from India? Or is it just going to blame India and turn a blind eye to the EU?

Once the oil is refined in to diesel, it will be impossible to know about it's origin. And here, the situation is further complicated by the fact that the two oil companies who have purchased huge amounts of oil recently (Nayara Energy and Reliance Industries) also import a lot of oil from Iraq and Saudi Arabia. So they can always claim that the diesel they sell to the EU is sourced from Iraqi crude. After all, it is same substance with the same chemical composition coming from different oil wells. There is no 100% accurate method to find out how many molecules came from Russia, and how many came from Iraq.

[Don Pedro Dinero]

<..>

In the end, they are making a play because the fact is that at least part of what India sells to Europe is of Russian origin, but as it has plausible deniability, they hide behind that. In my view, it's a showboating move by the EU, but it's a botched job if you stop to analyse it minimally
.

[Fortify]

I first saw this in a Spanish forum, but I see that a national newspaper in Spain has brought it out.

https://www.elmundo.es/economia/macroeconomia/2022/06/04/629a1c44e4d4d8fb2a8b460d.html

In English:

https://www.marketwatch.com/story/why-india-is-set-to-win-big-as-eu-bans-russian-oil-imports-11654021874

India is receiving 600,000 barrels per day from Russia compared to 90,000 barrels per day last year, which buys at below market price, refines and sells at a higher price to Europe. What a masterstroke by the European Union, LMAO.

Nobody thought of this? Last Friday the EU adopted sanctions banning oil imports from Russia.

https://thehill.com/policy/energy-environment/3511129-eu-officially-adopts-russian-oil-embargo/

Once this has come to light, what are they going to do? Not buy from India? It reminds me of exchanges or other entities that don't want tainted coins.

I put this comment here because I think it is the key to the issue:

Once the oil is refined in to diesel, it will be impossible to know about it's origin. And here, the situation is further complicated by the fact that the two oil companies who have purchased huge amounts of oil recently (Nayara Energy and Reliance Industries) also import a lot of oil from Iraq and Saudi Arabia. So they can always claim that the diesel they sell to the EU is sourced from Iraqi crude. After all, it is same substance with the same chemical composition coming from different oil wells. There is no 100% accurate method to find out how many molecules came from Russia, and how many came from Iraq.

So India claims that what it sells to the EU does not come from Russia, the EU claims that what it buys does not come from Russia, when most likely at least some of what it buys from India comes from Russia, and more expensively. LMAO.

India is playing the game that benefits their people, but it won't go unnoticed and it's clear the India is losing any status it had as a freedom loving democracy. That being said, Russia is still the ultimate loser in this situation because India will be paying them much less than market rates and it has much lower capacity to receive Russia oil. It's more expensive for Russia to send oil there, so they lose all around. I'm not sure why you are gloating that Europe pays more when the whole war in Ukraine is absolutely pointless and achieves nothing but to stroke Putin's vanity. Many people are dying, Russia becomes isolated and desperate, these insignificant events like who pays much less for Russian oil is the best you can come up with?

[Husires]

China was almost doing this with Iran. I wonder how India was not demonized or tried to prevent it from doing so.
If we read the numbers, it jumped from less than 200,000 barrels at the beginning of the year to less than 800,000 dollars.
It is not enough to solve the energy problem, and I think that the final consumer is the one who decides whether this step will succeed or not, just as happened with Shell (Shell agrees to sell Russian retail business to Lukoil - BBC).

Let's see how Russia will be able to sell about 3 million barrels that were going to Europe and its allies.

[be.open]

Let's see how Russia will be able to sell about 3 million barrels that were going to Europe and its allies.

Through the Druzhba pipeline? Haven't you realized yet that the EU oil embargo is pure farce and bluff. Hungary did not join the embargo, Bulgaria, Slovakia and Croatia did, but with a number of reservations and delays. A large refinery in East Germany that produces aviation fuel for the whole of Europe is designed for heavy Russian oil, and it is easier to build a new plant than to reconfigure an old one. Europe has painted itself into a corner with populist statements by incompetent politicians, and now their voters will have to pay the price. Russia does not need to sell three million barrels to Europe when Europe is driving up oil prices through its actions. It is enough to sell two million and get the same money or even more.

[passwordnow]

This month, India is expected to import almost a million barrels of Russian crude per day, which is almost 35 times the volume for 2021. And the Indian consumers are not benefitting from these imports. Most of this crude is refined to diesel and gasoline and then exported to European Union and other South Asian nations. And the Indian government is in talks with Russia to further increase the imports later this year, if Russia is willing to increase the discount. As of now, the discount is $30 to $35 per barrel. The Indian government is requesting for discounts in the range of $45-$50 per barrel.

This is business as usual and I think that this will make their relationship and friendship better. While the world is in economic turndown due to the price of oil. There goes India that won't be affected by it and instead, they're making business in this situation. This is the same as the start of the pandemic, while the world is experiencing fear of the virus, there go the huge pharma companies that have been making billions out of the situation.

[Charles-Tim]

This is business as usual and I think that this will make their relationship and friendship better. While the world is in economic turndown due to the price of oil. There goes India that won't be affected by it and instead, they're making business in this situation. This is the same as the start of the pandemic, while the world is experiencing fear of the virus, there go the huge pharma companies that have been making billions out of the situation.

It is business but this means nothing change nothing, EU wants to cut down the importation of crude oil and it's by-product from Russia, Russia decided not to supply gas to some EU countries. But now, EU will buy the oil products from India, which means Russia is not affect but a means India are making money.

[Tony116]

Indians are making money, Russians are making money, Europeans getting robbed and still buying the Russian gas.

Brilliant scheme.

Lmao What happened to Europe’s unicorn fart powered windmills anyway? I thought oil/gas was outdated… What happened to WEF’s push for zero carbon footprint?

Also wants to see those faces who want to import gas and oil from an African country. What happens to that initiative? EU should kick out the USA from their coalitions. Every place they put their footprints causes trouble for the people of that region. Where is Qatar now? They also promised to help the EU with fuel supply. Now EU has two options: 1) Buy oil and gas from the USA at a higher price or 2) lift sanctions on Russia.

The EU is very dependent on the US, both militarily as well as politically, seeing the EU at this time as no different from a tool for the US to use to contain other countries.

Sanctions do not seem to do too much damage to Russia and the EU is running out of cards to punish Russia, which is a clear failure. It is the people of the EU who suffer the most, not the US government.

[Alisha-k]

European union is been robbed here, but do we think the EU are unaware of this? they literally know the amount of oil India can refine and supply to them weren't they suspicious of the increased supply. They EU are playing blind on this i know they know the source of the oil supplied from the Indians but can't question it.

[davis196]

The European Union is governed by complete idiots. There's no doubt about that.
The so called "Green Deal" is BS. The policies regarding Middle East refugees were BS. The sanctions towards Russia are going to end up as a total BS. When the retarded bureaucrats of the EU are going to do something right?
India is too far away from Europe, I think that countries like Turkey might be buying more Russian oil, refining it and selling the gasoline and diesel to the EU countries(I don't remember if Turkey actually had oil refining facilities, though). The transport costs would be lower.

[Sithara007]

European union is been robbed here, but do we think the EU are unaware of this? they literally know the amount of oil India can refine and supply to them weren't they suspicious of the increased supply. They EU are playing blind on this i know they know the source of the oil supplied from the Indians but can't question it.

Being an Indian, I fully support the decision from the Indian government to import Russian crude. Why we Indians should suffer from stupid Western policies? Crude oil was trading at $40 per barrel when Trump was in power. And then Biden was elected as the president. The first decision he took was to cancel the Keystone XL pipeline and to ban fracking in federal lands. The prices went up by 100% as a result. And they went up further as a result of sanctions and embargoes imposed by the US on Russia. And they went even further up, after stupid Americans seized the Iranian oil tanker. Now listen, we Indians are tired of paying the price for aggressive policies from the US. Those in the US and EU maybe able to afford 3x increase in gasoline prices. We can't afford these prices.

[Taskford]

European union is been robbed here, but do we think the EU are unaware of this? they literally know the amount of oil India can refine and supply to them weren't they suspicious of the increased supply. They EU are playing blind on this i know they know the source of the oil supplied from the Indians but can't question it.

Being an Indian, I fully support the decision from the Indian government to import Russian crude. Why we Indians should suffer from stupid Western policies? Crude oil was trading at $40 per barrel when Trump was in power. And then Biden was elected as the president. The first decision he took was to cancel the Keystone XL pipeline and to ban fracking in federal lands. The prices went up by 100% as a result. And they went up further as a result of sanctions and embargoes imposed by the US on Russia. And they went even further up, after stupid Americans seized the Iranian oil tanker. Now listen, we Indians are tired of paying the price for aggressive policies from the US. Those in the US and EU maybe able to afford 3x increase in gasoline prices. We can't afford these prices.

That's right indian government is just doing a right thing because they do a wisest decision for betterment of their citizens and why do they join on those sanctions while they know that they are the one who will suffer. We see many country who join at it suffer from huge inflation bloat up and its good action made by them to take advantage on situation then earn with this and not suffer on major oil price increase just like what happen to many countries on any parts of the world.

[Kakmakr]

The sanctions will never work, because people are too dependent on Oil and Gas..... and if they cannot buy it from Russia, then they will explore other markets. Russia can destroy the global Oil cartel by selling it's Oil and Gas at a cheaper price to countries that are not part of these sanctions. 

We saw what happened to Iraq and Iran when the Western world sanctioned them after the 911 fiasco.  (They just sold Oil to "friendly" countries and those companies re-sold that processed Oil to the rest of the world) 

[Lucius]

There is always a way to circumvent sanctions, it is just a question of how resourceful those who trade in oil will be. These days, the story is circulating again that many tankers are shutting down their transponders near the African coast because they want to mask the trail where exactly they were. Oil from China and India flows directly from ship to ship and then continues on its way to the EU and the US - which is not a new method, but it is now widely used.

Here is an example from 2019 :

The Cyprus-flagged oil tanker Berlina was drifting near the Caribbean island of Dominica earlier this year when tracking technology showed it stopping in its tracks and in two minutes turning around 180 degrees.

It was an amazingly quick pivot since the 274-meter ship needs roughly 10 times that amount of time to perform such a maneuver.

Even more intriguing: Around the same time the Berlina was pinging its location at sea, it was physically spotted loading crude oil in nearby Venezuela despite U.S. sanctions against such trading.

Meanwhile, nine other ships, some connected to the same Greece-based owner of the Berlina, were digitally monitored moving nearby at an identical speed and direction with sudden draft changes, indicating they had somehow been loaded full of crude though apparently out at sea.

[og kush420]

There is always a way to circumvent sanctions, it is just a question of how resourceful those who trade in oil will be. These days, the story is circulating again that many tankers are shutting down their transponders near the African coast because they want to mask the trail where exactly they were. Oil from China and India flows directly from ship to ship and then continues on its way to the EU and the US - which is not a new method, but it is now widely used.

Here is an example from 2019 :

The Cyprus-flagged oil tanker Berlina was drifting near the Caribbean island of Dominica earlier this year when tracking technology showed it stopping in its tracks and in two minutes turning around 180 degrees.

It was an amazingly quick pivot since the 274-meter ship needs roughly 10 times that amount of time to perform such a maneuver.

Even more intriguing: Around the same time the Berlina was pinging its location at sea, it was physically spotted loading crude oil in nearby Venezuela despite U.S. sanctions against such trading.

Meanwhile, nine other ships, some connected to the same Greece-based owner of the Berlina, were digitally monitored moving nearby at an identical speed and direction with sudden draft changes, indicating they had somehow been loaded full of crude though apparently out at sea.

I am not sure - why USA has given so much relief to IND?
They are getting oil from Russia - and USA did not object. They are keep so many Kashmiri in curfew and lock down for months and no one object.
Now we all know - how depressing the lock down are - Kashmiris are living in lock down for months post COVID too.

[Sithara007]

I am not sure - why USA has given so much relief to IND?
They are getting oil from Russia - and USA did not object. They are keep so many Kashmiri in curfew and lock down for months and no one object.
Now we all know - how depressing the lock down are - Kashmiris are living in lock down for months post COVID too.

I don't want to divert the topic, but there are certain facts on Kashmir that can't be ignored. The former princely state of Kashmir had a total area of 222,441 sq.kms. Out of that, the Indian government currently controls an area of 101,387 sq.kms (45.58% of the total area). The majority of Kashmir is under the control of Pakistan or China. And now coming to the population, 27.6% of the population was comprised of Hindus, Sikhs and Buddhists in 1941. Now these groups are absent in the Pakistan controlled part of Kashmir, because they were exterminated in 1947. Pakistan has no right to talk about Kashmir, because they exterminated non-Muslim Kashmiris in 1947.

And now coming to oil imports from Russia, I would like to remind everyone that India is a sovereign nation. We will import from anyone as per our choice and Americans doesn't have any right to dictate us.

[Lucius]

I am not sure - why USA has given so much relief to IND?
They are getting oil from Russia - and USA did not object.

Maybe out of geostrategic interests and because of the US policy in that part of the world? After all, other countries do business with Russia in public or in secret, and dependence on Russian energy cannot be broken just like that. I think it would be completely unfair to point the finger at India because it is doing something that other countries are doing anyway, especially most EU members.

Although according to the data on oil imports when it comes to India, it should be noted that India does not buy oil only for its own needs. Whether they are trying to profit from the current situation, or have secret agreements with someone to be a mediator for Russian oil, remains a question.

Since the invasion of Ukraine, India has bought three times as much oil from Russia as in the same period last year, according to data from Refinitiv Eikon.

[Zlantann]

Sanctions on any nation would be very potent in the following circumstances;
1) If the target nation has no needed natural resources or finished products.
2) If they have no ally that is a world power
3) If they are landlocked and have unhealthy relationship with neighboring countries

1. For as long as Russia is a major producer of oil and gas, they would have many clients that would smartly look for means to invade these sanctions and buy this oil. One would have thought that by now Iran would have crumbled with the magnitude of sanctions imposed on them by US and Europe. But because they have what is needed, theses sanctions would always be invaded by all means. Russia is enticing most countries with cheap oil and they would definitely attract clients.

2. Any country that has a good relationship with any world power would ultimately invade sanctions. These nations respects each other. Hence, even when any of them assists or helps a sanctioned nation, the matter is not taken seriously. China and India have been helping Russia invade these sanction and the US and other nations are handicap. Consensus or coordinated sanctions becomes difficult because friendly nations would always oppose these sanctions.

3) It would be very easy to impose sanctions on a landlocked nation especially if it is a coordinated effort with neighboring nations. Russia is not landlocked and most countries like Hungary and Belarus are still its allies. This would make sanctions very difficult to implement.    
  

[el kaka22]

A magnificent move really. I do not know much about this deal, but if it is true then it is definitely a great deal and should be utilizing the Russia sanctions very well this way.

If India didn't, then some other nation would have, and Russia is making money even though there are sanctions thanks to this "via" deals as well. Take whatever you can from the deal because by liberal policies and ideology, if you are not going to do it because it is "unethical" then someone else would, and they would live a better life than you. Plus, India is not putting a gun against anyone's head, if you want to do it, then do it, if you don't, then stay away from them.

[Sithara007]

A magnificent move really. I do not know much about this deal, but if it is true then it is definitely a great deal and should be utilizing the Russia sanctions very well this way.

If India didn't, then some other nation would have, and Russia is making money even though there are sanctions thanks to this "via" deals as well. Take whatever you can from the deal because by liberal policies and ideology, if you are not going to do it because it is "unethical" then someone else would, and they would live a better life than you. Plus, India is not putting a gun against anyone's head, if you want to do it, then do it, if you don't, then stay away from them.

When Turkey (under Recep Tayyip Erdoğan) was purchasing crude oil from the ISIS and re-exporting the refined products, there was no such outcry. In fact, the Erdoğan family was directly involved in this trade and his son is rumored to have made billions of USD in profits as a result. But when India purchase a few barrels of crude from Russia, all the hell break lose. We don't care about this fake sense of ethics and morality from the western nations. As an Indian, I fully support the decision from the central government.

[Don Pedro Dinero]

We don't care about this fake sense of ethics and morality from the western nations. As an Indian, I fully support the decision from the central government.

I understand you, you look out for what is best for your country and your people, especially if you see that the European Union is making an ass of itself.

In this case as a European I do not understand the hypocrisy of the European Union and I also believe that it is going to be the region of the world that is going to lose the most in all of this. Europe's green shift was made on the basis of cheap Russian gas (which is obviously ecological, lol) and now that they don't want Russian gas (or oil), let's see how to support the renewable energy mix, as there are only two options: fossil fuels or nuclear energy.

As neither of the two options is liked (except in France, which has a lot of nuclear power), in the end we see cases like this: I don't buy oil from Russia but in reality I do buy it from them, actually more expensively via India, but I will never admit it.

[lovesmayfamilis]

This has not been a secret for all sellers and buyers for a long time. Anyone who buys oil from India is well aware that India resells, and the European Union always has the right not to make such deals. However, this does not happen. There is an expression that "money does not smell", so this is the most common business. Sanctions do not give the desired result, but they give many solutions, and there may be benefits to bypassing them. It remains only to ask, who benefits from the imposed sanctions? I think the answer suggests itself.

[Sithara007]

I understand you, you look out for what is best for your country and your people, especially if you see that the European Union is making an ass of itself.

In this case as a European I do not understand the hypocrisy of the European Union and I also believe that it is going to be the region of the world that is going to lose the most in all of this. Europe's green shift was made on the basis of cheap Russian gas (which is obviously ecological, lol) and now that they don't want Russian gas (or oil), let's see how to support the renewable energy mix, as there are only two options: fossil fuels or nuclear energy.

As neither of the two options is liked (except in France, which has a lot of nuclear power), in the end we see cases like this: I don't buy oil from Russia but in reality I do buy it from them, actually more expensively via India, but I will never admit it.

France did the right thing by driving off the tree huggers and allowing the nuclear power plants to operate. On the other hand, Germany closed down most of theirs under pressure from the warmonger Green party and then further exacerbated the situation by constructing wind power plants where there is no wind, and solar power plants where there is no sunlight. And now they are about to shut down at least some of their natural gas fired powerplants, which would mean that they will be importing massive amounts of electricity from France.

[kryptqnick]

It's unfortunate that India didn't join the common action against Russia. It was obvious from the start that they wouldn't, but it's still sad. Yes, India has a lot of profit to make here, but profit on war, on blood, on what several countries and many scholars call a genocide? Is it really alright to make profit when such terrible things are done by Russia with the money it gets from selling oil?
And the EU, well, I'm not surprised that everyone is pretending that it's not Russian oil while knowing it probably is.

[paxmao]

Let's see how Russia will be able to sell about 3 million barrels that were going to Europe and its allies.

Through the Druzhba pipeline? Haven't you realized yet that the EU oil embargo is pure farce and bluff. Hungary did not join the embargo, Bulgaria, Slovakia and Croatia did, but with a number of reservations and delays. A large refinery in East Germany that produces aviation fuel for the whole of Europe is designed for heavy Russian oil, and it is easier to build a new plant than to reconfigure an old one. Europe has painted itself into a corner with populist statements by incompetent politicians, and now their voters will have to pay the price. Russia does not need to sell three million barrels to Europe when Europe is driving up oil prices through its actions. It is enough to sell two million and get the same money or even more.

False. The embargo is real. The oil bought by those countries is 10% of the total and does not make any difference. Hungary is as close as a country can get to being expelled from the EU for failing to follow the rule of law, implementing one state of exception after another. They are already excluded from the EU funds for those reasons. Let them buy from Adolf Putin, eventually they may only be able to buy from him.

There is no lack of refining capability in Europe, there is no lack of heavy crude oil in the world. Unfortunately, the RF citizens are going to have a though time in the next decade.

US and EU are avoiding what is called "secondary sanctions" to India and China, but India will pay a price for this eventually.

[Hydrogen]

I would guess other nations are also purchasing and reselling russia's oil and commodities in a process of commodity laundering. The high profit and low risk involved are too great to ignore. Consumers are willing to pay a little extra to have a clearer conscience and believe they're purchasing oil and natural gas from india, rather than russia. Its a common practice with sweatshops, child labor and slave labor. People turn a blind eye to corruption and exploitation, pretending they do not exist, to avoid guilt.

The same negative precedent is found in other markets and supply chains around the world.

[Sithara007]

It's unfortunate that India didn't join the common action against Russia. It was obvious from the start that they wouldn't, but it's still sad. Yes, India has a lot of profit to make here, but profit on war, on blood, on what several countries and many scholars call a genocide? Is it really alright to make profit when such terrible things are done by Russia with the money it gets from selling oil?
And the EU, well, I'm not surprised that everyone is pretending that it's not Russian oil while knowing it probably is.

On multiple occasions I have asked you guys to stop blaming my country. Our position is clear. We don't support sanctions and embargoes that are imposed purely to satisfy the ego of western nations. Crude oil prices have risen by 200% during the last two years and the EU is using this as a tool for regime change. Already governments have fallen in countries such as Pakistan. If the EU want us to stop purchasing crude from Russia, then they should ask the OPEC to increase the output by 10 million barrels per day (that is the daily output from Russia).

Once again, let me make it very clear. India is not ready to foot the bill for EU's war against Russia.

[yhiaali3]

Really funny thing, instead of getting rid of Russian gas they are buying at a higher price but under a different name "Indian Gas"!!! This is really ridiculous. They want to get rid of Russia's control, but they are drowning in the Russian quagmire more and more. Unless Europe can find an alternative and cheap source of energy instead of Russian gas, they will never be able to get rid of Russia's grip. In fact, they are looking for other alternatives such as clean energy but they have not yet been able to find a cheap alternative and may not be able to do so in the near future.

[be.open]

Let's see how Russia will be able to sell about 3 million barrels that were going to Europe and its allies.

Through the Druzhba pipeline? Haven't you realized yet that the EU oil embargo is pure farce and bluff. Hungary did not join the embargo, Bulgaria, Slovakia and Croatia did, but with a number of reservations and delays. A large refinery in East Germany that produces aviation fuel for the whole of Europe is designed for heavy Russian oil, and it is easier to build a new plant than to reconfigure an old one. Europe has painted itself into a corner with populist statements by incompetent politicians, and now their voters will have to pay the price. Russia does not need to sell three million barrels to Europe when Europe is driving up oil prices through its actions. It is enough to sell two million and get the same money or even more.

False. The embargo is real. The oil bought by those countries is 10% of the total and does not make any difference. Hungary is as close as a country can get to being expelled from the EU for failing to follow the rule of law, implementing one state of exception after another. They are already excluded from the EU funds for those reasons. Let them buy from Adolf Putin, eventually they may only be able to buy from him.

There is no lack of refining capability in Europe, there is no lack of heavy crude oil in the world. Unfortunately, the RF citizens are going to have a though time in the next decade.

US and EU are avoiding what is called "secondary sanctions" to India and China, but India will pay a price for this eventually.

Do not accuse me of lying, if you are not able to confirm this with evidence and facts, with unfounded accusations you only discredit yourself and lose the status of an adequate interlocutor in the eyes of others. There is too much hypocrisy to consider the EU oil embargo real in a thread discussing India's resale of refined Russian oil to Europe lol.

[Don Pedro Dinero]

False. The embargo is real. The oil bought by those countries is 10% of the total and does not make any difference. Hungary is as close as a country can get to being expelled from the EU for failing to follow the rule of law, implementing one state of exception after another. They are already excluded from the EU funds for those reasons. Let them buy from Adolf Putin, eventually they may only be able to buy from him.

There is no lack of refining capability in Europe, there is no lack of heavy crude oil in the world. Unfortunately, the RF citizens are going to have a though time in the next decade.

US and EU are avoiding what is called "secondary sanctions" to India and China, but India will pay a price for this eventually.

Do not accuse me of lying, if you are not able to confirm this with evidence and facts, with unfounded accusations you only discredit yourself and lose the status of an adequate interlocutor in the eyes of others. There is too much hypocrisy to consider the EU oil embargo real in a thread discussing India's resale of refined Russian oil to Europe lol.

What is clear is that the EU cannot magically stop consuming all the oil and gas it used to buy from Russia. It can gradually reduce it as it installs more renewables, as it has been doing for years.

I think there is a lot of window-dressing going on here, and I would like to see how they approach energy policy in the medium term, not to mention the long term, as politicians are not usually capable of thinking beyond one term of office. For me the lesser evil is to install more nuclear power plants, because fossil fuels mean putting the EU in the hands of other countries, many of them dictatorships. And to make a fool of themselves as in this case.

[Ucy]

I wonder among all these parties who is violating their rules and principles:  the ones telling lies about a product they sell to consumers or the ones using something they already ban.  It's important to always make laws that are implementable and not based on emotions so you don't lose more ranks for not obeying them.
I believe they strongly regretted the early sanctions because it was done hastily and created serious problems.  And it's possible to convince your customers to buy your products without lying to them

[TheNineClub]

I first saw this in a Spanish forum, but I see that a national newspaper in Spain has brought it out.

https://www.elmundo.es/economia/macroeconomia/2022/06/04/629a1c44e4d4d8fb2a8b460d.html

In English:

https://www.marketwatch.com/story/why-india-is-set-to-win-big-as-eu-bans-russian-oil-imports-11654021874

India is receiving 600,000 barrels per day from Russia compared to 90,000 barrels per day last year, which buys at below market price, refines and sells at a higher price to Europe. What a masterstroke by the European Union, LMAO.

Nobody thought of this? Last Friday the EU adopted sanctions banning oil imports from Russia.

https://thehill.com/policy/energy-environment/3511129-eu-officially-adopts-russian-oil-embargo/

Once this has come to light, what are they going to do? Not buy from India? It reminds me of exchanges or other entities that don't want tainted coins.

I put this comment here because I think it is the key to the issue:

Once the oil is refined in to diesel, it will be impossible to know about it's origin. And here, the situation is further complicated by the fact that the two oil companies who have purchased huge amounts of oil recently (Nayara Energy and Reliance Industries) also import a lot of oil from Iraq and Saudi Arabia. So they can always claim that the diesel they sell to the EU is sourced from Iraqi crude. After all, it is same substance with the same chemical composition coming from different oil wells. There is no 100% accurate method to find out how many molecules came from Russia, and how many came from Iraq.

So India claims that what it sells to the EU does not come from Russia, the EU claims that what it buys does not come from Russia, when most likely at least some of what it buys from India comes from Russia, and more expensively. LMAO.

Well, what a convenient way for everyone to bypass sanctions while still abiding by the sanctions As you mentioned, there are ways to find out where the oil came from, and I honestly don't doubt that all parties are aware of where it comes from, but we have to take into account the rampant globalization that has been going on for the last, oh, 100years, and it would be completely impossible to dead stop it like we think it should due to sanctions. Things like this are bound to occur, but it will be reduced with time. Things like that can't happen overnight.

[Mometaskers]

The EU countrie hell knows that the oil they are buying from India came from Russia. No wonder there are conspiracy theories that this was just some staged shit to further crash the global economy so they can steal more money from the people.

Even if that speculation is unlikely, what's clear is that there's no immediate solution to Europe's energy problem.

Lmao What happened to Europe’s unicorn fart powered windmills anyway? I thought oil/gas was outdated… What happened to WEF’s push for zero carbon footprint?

It's all hypocrisy, like Leonardo di Caprio telling us to lower our carbon footprint while his private jet emissions dwarf what a family produces in a year. Or to put it another way, it's the "Bugs for thee, Steaks for me" attitude.

[oHnK]

What is clear is that the EU cannot magically stop consuming all the oil and gas it used to buy from Russia. It can gradually reduce it as it installs more renewables, as it has been doing for years.

I think there is a lot of window-dressing going on here, and I would like to see how they approach energy policy in the medium term, not to mention the long term, as politicians are not usually capable of thinking beyond one term of office. For me the lesser evil is to install more nuclear power plants, because fossil fuels mean putting the EU in the hands of other countries, many of them dictatorships. And to make a fool of themselves as in this case.

Any sanction which is given to the Russian can't be implemented fully 100%, the fact is every countries have need each others. So, India talked about their business, although They really understand and know that what They did was wrong but it doesn't matter. They will give us a rational reason to avoid any bad impact. We know that if we talk about profit, although the country is doing war each other but the societies need money to fulfill their daily needs. Business must go on whatever is going on.

[galambo]

On multiple occasions I have asked you guys to stop blaming my country. Our position is clear. We don't support sanctions and embargoes that are imposed purely to satisfy the ego of western nations. Crude oil prices have risen by 200% during the last two years and the EU is using this as a tool for regime change. Already governments have fallen in countries such as Pakistan. If the EU want us to stop purchasing crude from Russia, then they should ask the OPEC to increase the output by 10 million barrels per day (that is the daily output from Russia).

Once again, let me make it very clear. India is not ready to foot the bill for EU's war against Russia.

I think India has made best decision for its people and its own interest. I heard Indian foreign minister saying ' EU must stop depicting that there problems are worlds problems '. Pakistani government tried to buy oil from Russia but USA carried out an operation regime change in Pakistan and bought its own people in power who are no more buying oil from Russia.

[justdimin]

France did the right thing by driving off the tree huggers and allowing the nuclear power plants to operate. On the other hand, Germany closed down most of theirs under pressure from the warmonger Green party and then further exacerbated the situation by constructing wind power plants where there is no wind, and solar power plants where there is no sunlight. And now they are about to shut down at least some of their natural gas fired powerplants, which would mean that they will be importing massive amounts of electricity from France.

Honestly those "tree huggers" is not the problem in that case, because Nuclear power plants are usually very clean if you know what you are doing. I know that there is a chance it could blow up and that would be horrible, but nobody builds a nuclear power plant just so it would blow up and be terrible. It is energy efficient, you can carry it for very long distances, and it is not going to be hurting the world if nothing happens.

So, even for a tree hugger, it is actually a good idea, it is a clean energy source that covers so much energy need with just one of them, 10 of them would light the whole nation, why would it be something tree huggers hate, I would never know.

[Sithara007]

Honestly those "tree huggers" is not the problem in that case, because Nuclear power plants are usually very clean if you know what you are doing. I know that there is a chance it could blow up and that would be horrible, but nobody builds a nuclear power plant just so it would blow up and be terrible. It is energy efficient, you can carry it for very long distances, and it is not going to be hurting the world if nothing happens.

So, even for a tree hugger, it is actually a good idea, it is a clean energy source that covers so much energy need with just one of them, 10 of them would light the whole nation, why would it be something tree huggers hate, I would never know.

Exactly. I don't understand why the Green Party hates Nuclear energy so much. There are somewhere between 400 to 500 nuclear powerplants operating in the world as of now, and many of them have been operating for decades without any issues. There were isolated incidents such as Chernobyl, but now the technology has improved a lot and chances of an accident occurring is much less than a hypro-power dam getting blasted. Makes me suspicious about the real intention of these people. Aren't they being funded by corporations that manufacture solar panels and wind turbines?

[DrBeer]

No, I'm not talking about India, I'm talking about the situation in the world in general. "Money doesn't smell!". Some believe that you can earn money by working with terrorists. Bring them money, essentially sponsoring terrorism. And then put a good income in your pocket at the expense of consumers or quietly resell at a good markup or ... Yes, there are many more options that we are now seeing.
What was well shown by the terrorist war unleashed by Russia against Ukraine, and the economic war against the whole world, is the "real face". The real face of international organizations that have shown their complete lack of impotence or cowardice, instead of doing what they were created for. The real face of corrupt politicians, and much more. But now everyone is visible, and everyone understands that it is possible to "score" on moral, ethical standards and human values. True, in case of some kind of trouble, all these "persons" will begin to appeal to humanity, humanism, and the need to urgently help them ...


PS Just for the sake of interest - how did India live in a terrible oil "shortage" until 2022?

[be.open]

No, I'm not talking about India, I'm talking about the situation in the world in general. "Money doesn't smell!". Some believe that you can earn money by working with terrorists. Bring them money, essentially sponsoring terrorism. And then put a good income in your pocket at the expense of consumers or quietly resell at a good markup or ... Yes, there are many more options that we are now seeing.
What was well shown by the terrorist war unleashed by Russia against Ukraine, and the economic war against the whole world, is the "real face". The real face of international organizations that have shown their complete lack of impotence or cowardice, instead of doing what they were created for. The real face of corrupt politicians, and much more. But now everyone is visible, and everyone understands that it is possible to "score" on moral, ethical standards and human values. True, in case of some kind of trouble, all these "persons" will begin to appeal to humanity, humanism, and the need to urgently help them ...


PS Just for the sake of interest - how did India live in a terrible oil "shortage" until 2022?

Last month, the US bought $2 billion worth of stuff from Russia. And the European Union is about 25 billion dollars. According to your logic, the US and the EU are the sponsors of global terrorism.

[Flexystar]

Europes cars are running, houses are warm and school buses en route, ahh is it the fuel we that imported from India? Lolz. I see no problem in that one as long as my cars running just fine and not smoking hot or stopped and rusting in my backyard because there is no fuel.

We paying for it, and it’s really Governments fault since they are not capable of turning on the windmills and just putting unrealistic rules like each house should have their own solar panels on the roof and what not.

They should have thought twice or thrice before imposing the sanctions on Russian import. We are still hundreds of years away from flying electric cars.

[og kush420]

Europes cars are running, houses are warm and school buses en route, ahh is it the fuel we that imported from India? Lolz. I see no problem in that one as long as my cars running just fine and not smoking hot or stopped and rusting in my backyard because there is no fuel.

We paying for it, and it’s really Governments fault since they are not capable of turning on the windmills and just putting unrealistic rules like each house should have their own solar panels on the roof and what not.

They should have thought twice or thrice before imposing the sanctions on Russian import. We are still hundreds of years away from flying electric cars.

LOL - the line is very accurate and I was also thinking the same when they whole world was putting sanctions on Russia. Now the whole EU is in stress where to get the oil and fuel. What other solution they have. Now is the time to tell the world that they are not soft target like Afghanistan, Iran, Iraq, Palestine, Syra, Pakistan.

[goaldigger]

Europes cars are running, houses are warm and school buses en route, ahh is it the fuel we that imported from India? Lolz. I see no problem in that one as long as my cars running just fine and not smoking hot or stopped and rusting in my backyard because there is no fuel.

We paying for it, and it’s really Governments fault since they are not capable of turning on the windmills and just putting unrealistic rules like each house should have their own solar panels on the roof and what not.

They should have thought twice or thrice before imposing the sanctions on Russian import. We are still hundreds of years away from flying electric cars.

No one is asking where the gas came from if they are buying it, they have no choice since that is the only fuel available for them, and with this they are forced to buy at any price or else those cars won’t be running. India is also negotiating with the EU, and of course they can’t also afford to lose Russia as they provide fuel to them and with this, the only good option is to resell it and the real loser here are the EU as they rely too much on Russia before. This is indeed the government fault at all, the sanctions is not doing well for them. 

[DrBeer]

No, I'm not talking about India, I'm talking about the situation in the world in general. "Money doesn't smell!". Some believe that you can earn money by working with terrorists. Bring them money, essentially sponsoring terrorism. And then put a good income in your pocket at the expense of consumers or quietly resell at a good markup or ... Yes, there are many more options that we are now seeing.
What was well shown by the terrorist war unleashed by Russia against Ukraine, and the economic war against the whole world, is the "real face". The real face of international organizations that have shown their complete lack of impotence or cowardice, instead of doing what they were created for. The real face of corrupt politicians, and much more. But now everyone is visible, and everyone understands that it is possible to "score" on moral, ethical standards and human values. True, in case of some kind of trouble, all these "persons" will begin to appeal to humanity, humanism, and the need to urgently help them ...


PS Just for the sake of interest - how did India live in a terrible oil "shortage" until 2022?

Last month, the US bought $2 billion worth of stuff from Russia. And the European Union is about 25 billion dollars. According to your logic, the US and the EU are the sponsors of global terrorism.

Yes, I believe that helping a terrorist country fill the treasury (uncontrollably, as, for example, in relation to Iran - oil in exchange for medicines), this is direct or indirect financing of terrorism. And the same goes for other countries. And that is what they are now paying for with the high price of oil, gas, and other disruptions in supply and supply chains. That's all - the price of flirting with the new brown plague of the 21st century! 1939 did not teach the world anything, now the world will receive another not cheap lesson ... Well, what did you think? And by the way, the citizens of Russia will be collectively responsible for supporting these same neo-Nazis. Everything will be repeated exactly as it was with Nazi Germany. Only now there will be a terrorist country in the dock - Russia

UPD I will also add that Ukrainian companies that do business with Russia without supplying goods or resources critically needed for Ukraine also finance Russian terrorism.

[Oceat]

Europes cars are running, houses are warm and school buses en route, ahh is it the fuel we that imported from India? Lolz. I see no problem in that one as long as my cars running just fine and not smoking hot or stopped and rusting in my backyard because there is no fuel.

We paying for it, and it’s really Governments fault since they are not capable of turning on the windmills and just putting unrealistic rules like each house should have their own solar panels on the roof and what not.

They should have thought twice or thrice before imposing the sanctions on Russian import. We are still hundreds of years away from flying electric cars.

No one is asking where the gas came from if they are buying it, they have no choice since that is the only fuel available for them, and with this they are forced to buy at any price or else those cars won’t be running. India is also negotiating with the EU, and of course they can’t also afford to lose Russia as they provide fuel to them and with this, the only good option is to resell it and the real loser here are the EU as they rely too much on Russia before. This is indeed the government fault at all, the sanctions is not doing well for them.  

I hope this is just a misunderstanding but it turns out that EU has some fault too for implying the sanctions which is not going well on their economy especially in the usage of oil. I'd like to believe that their government already knew this but proceeded anyway without thinking what would be the cost perhaps they don't like Russia at all IMO but the results show that they couldn't stand if they are out of fuel and the only way is to buy it from another country which could cost more than what they paid for.

[Lucius]

Last month, the US bought $2 billion worth of stuff from Russia. And the European Union is about 25 billion dollars. According to your logic, the US and the EU are the sponsors of global terrorism.

It should be noted that sanctions concerning imports/exports when it comes to Russia are not absolute and there are things that are exempt from sanctions. I can't say what is exempt from sanctions when it comes to the US, but as far as the EU is concerned, things are like this:

The list of banned products is designed to maximise the negative impact of the sanctions for the Russian economy while limiting the consequences for EU businesses and citizens. The export and import restrictions exclude products primarily intended for consumption and products related to health, pharma, food and agriculture, in order not to harm the Russian population.

Is it just a humanitarian aspect as they claim, or is it an excuse for part of the trade to continue no matter what? Either way, the money is coming to Russia, which is still on a war campaign against an internationally recognized country, so no one can say that the EU and the rest of the world are not financing that war (at least in part).

It will be interesting to see how many imports from Russia to the EU will be this year, but from 2012 onwards it is still declining and amounts to less than $200 billion with the largest share in fuels, oils, and distillation products.

[RealMalatesta]

What is clear is that the EU cannot magically stop consuming all the oil and gas it used to buy from Russia. It can gradually reduce it as it installs more renewables, as it has been doing for years.

I think there is a lot of window-dressing going on here, and I would like to see how they approach energy policy in the medium term, not to mention the long term, as politicians are not usually capable of thinking beyond one term of office. For me the lesser evil is to install more nuclear power plants, because fossil fuels mean putting the EU in the hands of other countries, many of them dictatorships. And to make a fool of themselves as in this case.

They could have, and still could in the future, but they are denying that for some reason. There are laws in place, and aims and roads to take, but renewable energy is the way to go for this and they just do not spend that kind of money on it.

From all kinds of food to all the energy needs, every nation has enough power to do it all by themselves and they only need to spend some money on it now, if they spend it now, they will be great in the future. Like have solar panels EVERYWHERE that gets sunshine enough, that would require tens of billions of dollars worth of investment, and yet you will not need Russia afterwards, and for some reason they still do not do it enough.

[amishmanish]

West had been the powerhouse of world. However in 21st century new world order is emerging. Sanctions are no longer way to stop a countries growth and most of the sanctioned countries are finding alternative ways to bypass these sanctions in a multipolar world.
And all the countries are looking for their own interests and infact European countries need oil and a need is a need. So they have to be fulfilled.

[DrBeer]

West had been the powerhouse of world. However in 21st century new world order is emerging. Sanctions are no longer way to stop a countries growth and most of the sanctioned countries are finding alternative ways to bypass these sanctions in a multipolar world.
And all the countries are looking for their own interests and infact European countries need oil and a need is a need. So they have to be fulfilled.

Most likely, this will lead to a "restructuring of the world", as a result, the world will be transformed into several (3-5) large unions "according to interests."
Most likely it will be:
- in some form, the rest of the EU. I am sure that soon enough the internal confrontation between "pro-Putin Europe" and normal Europe will lead to a split.
- Union "Saxon" - Britain, USA, Australia, New Zealand.
- Union of the "offended" - Russia, North Korea and the like
- Eastern Union - China, India, Indonesia and some other regional players.
- Perhaps the creation of a new military political economic union, after the defeat of the leader of the "offended". It can be an alliance from Britain, Poland, the Baltic countries, Ukraine.
Well, the rest will either adjoin these main unions, or they will try to adapt to become a "satellite" of other unions, or they will create a "world social union" where, if only everyone were together, but every man for himself.

[coupable]

Really funny thing, instead of getting rid of Russian gas they are buying at a higher price but under a different name "Indian Gas"!!! This is really ridiculous. They want to get rid of Russia's control, but they are drowning in the Russian quagmire more and more. Unless Europe can find an alternative and cheap source of energy instead of Russian gas, they will never be able to get rid of Russia's grip. In fact, they are looking for other alternatives such as clean energy but they have not yet been able to find a cheap alternative and may not be able to do so in the near future.

The search for alternatives in renewable energies was never one of the priorities of the European economy, which is based on the depletion of the earth’s resources like other economies, and thus it did not take into account the lean days that would fall upon it with the expansion of Russia’s colonial intentions and forgetting that Russia was never be a supporter to it.
This situation will continue and there will be parties who take advantage of the situation as India does in the example presented by this topic, and we may see counterparts in other areas of the economy that are covered by Western sanctions on the Russian economy.

[Sithara007]

For the last few days, there is a lot of hype in Indian media regarding the failure of state oil corporations to secure crude oil supplies from Russia. Only the IOC has been able to sign a deal with Russian companies, and that too for just 6 million barrels per month. Russia is saying that they simply don't have any more crude to sell, because all of their oil is already earmarked for purchase by European companies under long term deals. Even for this month (June), the largest importers of Russian crude includes European countries such as Italy and Netherlands. They are blaming India, just to hide their own purchases from Russia.

[Don Pedro Dinero]

For the last few days, there is a lot of hype in Indian media regarding the failure of state oil corporations to secure crude oil supplies from Russia. Only the IOC has been able to sign a deal with Russian companies, and that too for just 6 million barrels per month. Russia is saying that they simply don't have any more crude to sell, because all of their oil is already earmarked for purchase by European companies under long term deals. Even for this month (June), the largest importers of Russian crude includes European countries such as Italy and Netherlands. They are blaming India, just to hide their own purchases from Russia.

Really? Any source for that? Not that I question what you say, which I guess you must have seen in the Indian news or something, but I like to see arguments backed up by a source. I imagine that it will be news from India that little or no Western media report.

As I said earlier, it seems to me that there is a lot of window-dressing going on here, and when the war is over, it seems to me that the oil trade between Russia and the EU will flow, even if the EU continues to slowly shift towards green energy.

[coolcoinz]

Countries are corrupt as hell. When EU voted for sanctions against Russia, France continued to buy from Russia and sell them military equipment.
There's a list of countries that finance Russian attack on Ukraine by trading with them and the founding members of the EU are at its top.

It's like the world is preying on this war fueling both sides. Ukraine gets weapons and Russia gets money and they both keep getting weaker while the vultures wait to pick their bones when it all ends.

[Pomogator]

The same thing happens in the Baltic Sea. A Russian tanker sails up and pours its contents into a huge other tanker, where the oil is mixed and it turns out that this is no longer Russian oil, very convenient. It's called the Latvian Blend. There will always be ways around, Europe will not be able not to buy Russian oil.

[DrBeer]

It's unfortunate that India didn't join the common action against Russia. It was obvious from the start that they wouldn't, but it's still sad. Yes, India has a lot of profit to make here, but profit on war, on blood, on what several countries and many scholars call a genocide? Is it really alright to make profit when such terrible things are done by Russia with the money it gets from selling oil?
And the EU, well, I'm not surprised that everyone is pretending that it's not Russian oil while knowing it probably is.

On multiple occasions I have asked you guys to stop blaming my country. Our position is clear. We don't support sanctions and embargoes that are imposed purely to satisfy the ego of western nations. Crude oil prices have risen by 200% during the last two years and the EU is using this as a tool for regime change. Already governments have fallen in countries such as Pakistan. If the EU want us to stop purchasing crude from Russia, then they should ask the OPEC to increase the output by 10 million barrels per day (that is the daily output from Russia).

Once again, let me make it very clear. India is not ready to foot the bill for EU's war against Russia.

Hmm ... EU war against Russia. Well, OK. Just answer honestly to this question. Suppose that it happened that India was attacked, Well, let some country XX. This country is destroying your citizens in the most sadistic way, destroying your cities. Missiles periodically arrive in Delhi, which hit residential buildings, architectural monuments, kill people .... Moreover, the country of the XX is much stronger than India, and is armed with such weapons that India cannot respond symmetrically. India is suffering huge losses, the country has lost 50% of the economy, tens of millions of lives, almost 20% of your country has been destroyed, part of it has been annexed and the XX flag is already being flown there. But for example, XX, its defense industry and army, is completely dependent on the sale of, for example, XX timber to the world market. And most of the income goes precisely to the maintenance of the shock group that kills your relatives and friends, on your own land. And you will not get out of this situation on your own, but you are guaranteed to lose. And you ask for help, and you logically ask not to finance the aggressor. The question is if all countries say: "Well, we are against not buying wood from XX. We will lose matches, toothpicks, why should we suffer so much without them? We do not support the Greenpeace war against XX." You will support such an answer, and consider it fair? Only from the heart and honestly? No need to talk about the EU. Just answer this fairly simple question?

PS. Everything in this life sooner or later, but it comes back to us like a boomerang. And good deeds, and bad, any ... Even passing by the needy, ignoring his request for help, having the opportunity to help, someday, and we will not receive critically important help for us ....

[Sithara007]

^^^^ You are diverting the topic. I don't think that the Russian invasion of Ukraine is morally correct. That said, in India we are suffering from low wages and hyperinflation as a result of economic policy changes in the US and the EU. Stupid policies from the Biden administration resulted in crude oil prices going from $40 per barrel to $125 per barrel. Along with the war being waged between Russia and Ukraine, a proxy war is being waged by the NATO bloc against oil consuming third world countries such as India and China.

And they are doing it deliberately, in order to trigger a regime change in countries such as India (already they were successful in Pakistan and Sri Lanka). The US government can easily bring down oil prices, and all they need to do is to ask the OPEC and shale oil producers to increase the output. They are not doing it, because they want countries such as India to suffer from increasing trade deficit. At this point, what do you want us to do? If you think that we will speed up the destruction of our own economies by agreeing to the sanctions, then you are mistaken.

[Don Pedro Dinero]

Hey man! I understand you are from Ukraine or have relatives there? I understand Sithara007's position, what I don't understand is that of the European Union with a disastrous energy policy, which was already a disaster when it depended mainly on cheap Russian gas, and now it's even worse as it leads to botches like the one described in this thread?

You criticise India for buying Russian fossil fuels and you don't criticise the EU for buying them from India once refined?

[Sithara007]

Hey man! I understand you are from Ukraine or have relatives there? I understand Sithara007's position, what I don't understand is that of the European Union with a disastrous energy policy, which was already a disaster when it depended mainly on cheap Russian gas, and now it's even worse as it leads to botches like the one described in this thread?

You criticise India for buying Russian fossil fuels and you don't criticise the EU for buying them from India once refined?

His position is understandable, as he resides in Ukraine. What I don't understand is his persistence in blaming India, when it is the US and EU who are responsible for Russia receiving $100 billion in hydrocarbon revenues during the first 100 days of war. Russia is profiting out of exports, not because India is importing their oil and gas. Russia is profiting because the prices went up. And the policies in US and EU are directly responsible for this increase. Now my Ukrainian friend doesn't have the courage to criticize EU or the US and for him India is a convenient punching bag.

[DrBeer]

Hey man! I understand you are from Ukraine or have relatives there? I understand Sithara007's position, what I don't understand is that of the European Union with a disastrous energy policy, which was already a disaster when it depended mainly on cheap Russian gas, and now it's even worse as it leads to botches like the one described in this thread?

You criticise India for buying Russian fossil fuels and you don't criticise the EU for buying them from India once refined?

YES, I am a citizen of Ukraine and almost all my relatives live here. I understand that you have not fully understood the causality of the EU problem with gas. The reason is that they themselves, mainly, or primarily, by the hands of the German leadership (since the time of Gerhard Schroeder), built a corruption-gas scheme, which resulted in the fact that Germany (the entire population, industry) became dependent on dew, its antics, and willingness or unwillingness to apply gas. And for every crime or idiotic act - you always have to PAY. Sooner or later. And sometimes even a lot of innocent people can suffer, as it is now in Germany and other countries that have become hostages of Russian terrorism against Ukraine. Yes, the world is so globalized that one idiot can create problems for half the world! Just deal with it Smiley

 PS I don't blame India for anything. I can only express my personal opinion about the moral side of this or that act, to which I have every right. Like India, make decisions and explain your attitude to the problem. I just said that such a position could someday play a cruel joke on India. A passive or neutral position is, for example, when a bully beats a girl, and you are a healthy man, walk by and say - that's their business, I'm not alone, and give the bully a stone in his hand, because it turns out that the bully is your business partner. It's just that India is setting a very bad precedent. And when trouble happens to India, everyone will say - yes, this is a completely different problem, and why we will strain and suffer because of India or its problems. Although I sincerely wish that everything is fine in India and that there are no misfortunes, since I have a different attitude to other people's problems and tragedies ...

[laredo7mm]

Hey man! I understand you are from Ukraine or have relatives there? I understand Sithara007's position, what I don't understand is that of the European Union with a disastrous energy policy, which was already a disaster when it depended mainly on cheap Russian gas, and now it's even worse as it leads to botches like the one described in this thread?

You criticise India for buying Russian fossil fuels and you don't criticise the EU for buying them from India once refined?

His position is understandable, as he resides in Ukraine. What I don't understand is his persistence in blaming India, when it is the US and EU who are responsible for Russia receiving $100 billion in hydrocarbon revenues during the first 100 days of war. Russia is profiting out of exports, not because India is importing their oil and gas. Russia is profiting because the prices went up. And the policies in US and EU are directly responsible for this increase. Now my Ukrainian friend doesn't have the courage to criticize EU or the US and for him India is a convenient punching bag.

I do not mind for a different opinion but criticizing other countries will not solve anyone's problem here. I do understand one thing very clearly and that is everybody wants to defend his own interest. USA and UK want to use Ukraine as a goat to weaken Russia, Russia wants to occupy Ukraine to defend his fuel business with the EU, EU doesn't want this war because they want Russian cheap fuel, India wants to buy oil from Russia and resell it to make profits, Ukraine wants to use the USA to free their land. Everybody has a different goal here so there will be a clash in action and it's normal.

[virasisog]

Hey man! I understand you are from Ukraine or have relatives there? I understand Sithara007's position, what I don't understand is that of the European Union with a disastrous energy policy, which was already a disaster when it depended mainly on cheap Russian gas, and now it's even worse as it leads to botches like the one described in this thread?

You criticise India for buying Russian fossil fuels and you don't criticise the EU for buying them from India once refined?

His position is understandable, as he resides in Ukraine. What I don't understand is his persistence in blaming India, when it is the US and EU who are responsible for Russia receiving $100 billion in hydrocarbon revenues during the first 100 days of war. Russia is profiting out of exports, not because India is importing their oil and gas. Russia is profiting because the prices went up. And the policies in US and EU are directly responsible for this increase. Now my Ukrainian friend doesn't have the courage to criticize EU or the US and for him, India is a convenient punching bag.

I do not mind for a different opinion but criticizing other countries will not solve anyone's problem here. I do understand one thing very clearly and that is everybody wants to defend his interest. USA and UK want to use Ukraine as a goat to weaken Russia, Russia wants to occupy Ukraine to defend his fuel business with the EU, EU doesn't want this war because they want Russian cheap fuel, India wants to buy oil from Russia and resell it to make profits, Ukraine wants to use the USA to free their land. Everybody has a different goal here so there will be a clash in action and it's normal.

Each country's goal is to gain profit and they could also take advantage of the situation if necessary. No country is a hero because they all have to defend their economies to resist all the global crisis that is happening. We can't blame India for what they're doing because that's how they save and grow their economy. We all have an economic strategy and our governments will do everything to save it.

[teosanru]

I first saw this in a Spanish forum, but I see that a national newspaper in Spain has brought it out.

https://www.elmundo.es/economia/macroeconomia/2022/06/04/629a1c44e4d4d8fb2a8b460d.html

In English:

https://www.marketwatch.com/story/why-india-is-set-to-win-big-as-eu-bans-russian-oil-imports-11654021874

India is receiving 600,000 barrels per day from Russia compared to 90,000 barrels per day last year, which buys at below market price, refines and sells at a higher price to Europe. What a masterstroke by the European Union, LMAO.

Nobody thought of this? Last Friday the EU adopted sanctions banning oil imports from Russia.

https://thehill.com/policy/energy-environment/3511129-eu-officially-adopts-russian-oil-embargo/

Once this has come to light, what are they going to do? Not buy from India? It reminds me of exchanges or other entities that don't want tainted coins.

I put this comment here because I think it is the key to the issue:

Once the oil is refined in to diesel, it will be impossible to know about it's origin. And here, the situation is further complicated by the fact that the two oil companies who have purchased huge amounts of oil recently (Nayara Energy and Reliance Industries) also import a lot of oil from Iraq and Saudi Arabia. So they can always claim that the diesel they sell to the EU is sourced from Iraqi crude. After all, it is same substance with the same chemical composition coming from different oil wells. There is no 100% accurate method to find out how many molecules came from Russia, and how many came from Iraq.

So India claims that what it sells to the EU does not come from Russia, the EU claims that what it buys does not come from Russia, when most likely at least some of what it buys from India comes from Russia, and more expensively. LMAO.

India has minimal oil reserves of it's own, it's either dependent upon the gulf to buy oil or on Russia to buy oil for its own consumption only, if it is selling the oil it has for it's own consumption to EU then obviously this is either Gulf's oil or Russia's oil. So there is a very good chance that The oil we are sending to EU is from Russia Only. This shows how sanctions are just scam and you actually are in dire need of Few resources.

[Sithara007]

India has minimal oil reserves of it's own, it's either dependent upon the gulf to buy oil or on Russia to buy oil for its own consumption only, if it is selling the oil it has for it's own consumption to EU then obviously this is either Gulf's oil or Russia's oil. So there is a very good chance that The oil we are sending to EU is from Russia Only. This shows how sanctions are just scam and you actually are in dire need of Few resources.

Exactly. All the focus has been on India, who are being accused of re-exporting Russian oil. But hardly anyone asks why the Europeans are ready to import refined products sourced from this oil. And there doesn't exist sufficient proof to claim that India is re-exporting large quantities of Russian product. India imports around 5 million barrels of crude oil per day and Russia provides 20% of that volume. The remainder comes from other countries such as Iraq and Saudi Arabia. The diesel and naphtha that India exports to the EU maybe sourced from the Iraqi or Saudi oil.

[be.open]

PS I don't blame India for anything. I can only express my personal opinion about the moral side of this or that act, to which I have every right. Like India, make decisions and explain your attitude to the problem. I just said that such a position could someday play a cruel joke on India. A passive or neutral position is, for example, when a bully beats a girl, and you are a healthy man, walk by and say - that's their business, I'm not alone, and give the bully a stone in his hand, because it turns out that the bully is your business partner. It's just that India is setting a very bad precedent. And when trouble happens to India, everyone will say - yes, this is a completely different problem, and why we will strain and suffer because of India or its problems. Although I sincerely wish that everything is fine in India and that there are no misfortunes, since I have a different attitude to other people's problems and tragedies ...

Let me remind you that Ukraine from the beginning of the operation and still carries out the transit of Russian gas through its territory to Europe and receives money from Gazprom for this. Don't you think it's too hypocritical to blame others for what you do yourself?

[laredo7mm]

PS I don't blame India for anything. I can only express my personal opinion about the moral side of this or that act, to which I have every right. Like India, make decisions and explain your attitude to the problem. I just said that such a position could someday play a cruel joke on India. A passive or neutral position is, for example, when a bully beats a girl, and you are a healthy man, walk by and say - that's their business, I'm not alone, and give the bully a stone in his hand, because it turns out that the bully is your business partner. It's just that India is setting a very bad precedent. And when trouble happens to India, everyone will say - yes, this is a completely different problem, and why we will strain and suffer because of India or its problems. Although I sincerely wish that everything is fine in India and that there are no misfortunes, since I have a different attitude to other people's problems and tragedies ...

Let me remind you that Ukraine from the beginning of the operation and still carries out the transit of Russian gas through its territory to Europe and receives money from Gazprom for this. Don't you think it's too hypocritical to blame others for what you do yourself?

Same thing we saw in the USA at the beginning of the conflict. When the USA was asking EU countries to put sanctions on Russia and stop all the exports from them they themself increase oil export from Russia because Russia was selling it at a discount rate. Germany providing Ukraine with weapons at the same time doesn't want to put sanctions on importing Russian oil. Weast means hypocritical and propaganda machine.

[Naficopa]

PS I don't blame India for anything. I can only express my personal opinion about the moral side of this or that act, to which I have every right. Like India, make decisions and explain your attitude to the problem. I just said that such a position could someday play a cruel joke on India. A passive or neutral position is, for example, when a bully beats a girl, and you are a healthy man, walk by and say - that's their business, I'm not alone, and give the bully a stone in his hand, because it turns out that the bully is your business partner. It's just that India is setting a very bad precedent. And when trouble happens to India, everyone will say - yes, this is a completely different problem, and why we will strain and suffer because of India or its problems. Although I sincerely wish that everything is fine in India and that there are no misfortunes, since I have a different attitude to other people's problems and tragedies ...

Let me remind you that Ukraine from the beginning of the operation and still carries out the transit of Russian gas through its territory to Europe and receives money from Gazprom for this. Don't you think it's too hypocritical to blame others for what you do yourself?

Same thing we saw in the USA at the beginning of the conflict. When the USA was asking EU countries to put sanctions on Russia and stop all the exports from them they themself increase oil export from Russia because Russia was selling it at a discount rate. Germany providing Ukraine with weapons at the same time doesn't want to put sanctions on importing Russian oil. Weast means hypocritical and propaganda machine.

India is playing smart game. They are having term with USA and on the other hand they are having fine terms with the Russia as well. Getting the oil and gas from them and benefiting their people. However US didnot let Pakistan purchase oil from Russia. Very strange.

[teosanru]

India has minimal oil reserves of it's own, it's either dependent upon the gulf to buy oil or on Russia to buy oil for its own consumption only, if it is selling the oil it has for it's own consumption to EU then obviously this is either Gulf's oil or Russia's oil. So there is a very good chance that The oil we are sending to EU is from Russia Only. This shows how sanctions are just scam and you actually are in dire need of Few resources.

Exactly. All the focus has been on India, who are being accused of re-exporting Russian oil. But hardly anyone asks why the Europeans are ready to import refined products sourced from this oil. And there doesn't exist sufficient proof to claim that India is re-exporting large quantities of Russian product. India imports around 5 million barrels of crude oil per day and Russia provides 20% of that volume. The remainder comes from other countries such as Iraq and Saudi Arabia. The diesel and naphtha that India exports to the EU maybe sourced from the Iraqi or Saudi oil.

I always feel blaming counties for which side they are taking in a war is really stupid. In a war situation both the countries generally are equal culprits and it's not the US has never attacked any country on the name of their self defense. So why should the world boycott Russia when they are doing the same? Blaming India just to think about their own profit is really stupid. I would be pretty happy with the India government if they are actually doing this buying oil from Russia and reexporting it back.

[Renampun]

Indians are making money, Russians are making money, Europeans getting robbed and still buying the Russian gas.

Brilliant scheme.

Lmao What happened to Europe’s unicorn fart powered windmills anyway? I thought oil/gas was outdated… What happened to WEF’s push for zero carbon footprint?

So, India acts as a third party (oil broker from Russia)

from the start, I was also very skeptical that the boycott of oil and gas from Russia that Europe was doing would be successful in stopping the war, oil and gas are a basic human need, while there is no renewable energy that can replace oil and gas 100%. with the above scenario then India will continue to profit lol.

[Johnyz]

Indians are making money, Russians are making money, Europeans getting robbed and still buying the Russian gas.

Brilliant scheme.

Lmao What happened to Europe’s unicorn fart powered windmills anyway? I thought oil/gas was outdated… What happened to WEF’s push for zero carbon footprint?

So, India acts as a third party (oil broker from Russia)

from the start, I was also very skeptical that the boycott of oil and gas from Russia that Europe was doing would be successful in stopping the war, oil and gas are a basic human need, while there is no renewable energy that can replace oil and gas 100%. with the above scenario then India will continue to profit lol.

This is a good opportunity to India since they remain neutral though of course they are not supporting the war it’s just that, they also need that Oil and they have to be more wise. EU countries have to deal with this, it’s ok to pay a littler higher than to receive nothing at all, Oil price continues to increase so we can expect this to become more expensive because of this Third party fees. EU should have a good Oil reserve now to maintain a cheaper price as much as possible because it looks like the war will still not end this year.

[DrBeer]

Hey man! I understand you are from Ukraine or have relatives there? I understand Sithara007's position, what I don't understand is that of the European Union with a disastrous energy policy, which was already a disaster when it depended mainly on cheap Russian gas, and now it's even worse as it leads to botches like the one described in this thread?

You criticise India for buying Russian fossil fuels and you don't criticise the EU for buying them from India once refined?

His position is understandable, as he resides in Ukraine. What I don't understand is his persistence in blaming India, when it is the US and EU who are responsible for Russia receiving $100 billion in hydrocarbon revenues during the first 100 days of war. Russia is profiting out of exports, not because India is importing their oil and gas. Russia is profiting because the prices went up. And the policies in US and EU are directly responsible for this increase. Now my Ukrainian friend doesn't have the courage to criticize EU or the US and for him India is a convenient punching bag.

Now you are deliberately either distorting, or even worse, deliberately lying . I really blame Germany both for their internal crisis and the crisis that they created in the EU through assistance in the monopolization of the European market by the Russian supplier, and for the fact that they actively continue to actually support Russia. And here the purchase of gas and oil is no longer in the first place. I also have claims to other participants in the process who continue to violate the sanctions regime and supply to Russia, for example, dual-use products, or frankly military products. But at the same time, I perfectly understand that, for example, it is stupid now to demand the abandonment of Russian gas, in a situation where its real consumption is such that it will not be possible to replace it in half a year. And the fact that the EU refused to buy oil from Russia is a great move, although it still takes time before its real implementation.

As for India, I'm just asking, what is the right thing to do, to solve our problem, which we have been living with for decades. Decide, realizing that this money will be used to kill civilians in Ukraine, and the destruction of its economy and infrastructure? This is not an accusation of direct support for the genocide of the Ukrainian people, it's just a matter of understanding other people's moral standards.
PS But Germany, even with everything that I wrote above, is now ready to step by step refuse to purchase hydrocarbons, is ready to build terminals for receiving liquefied gas, and demonopolize the market. Of course, the government does not do this of its own free will, but it understands that mistakes must be corrected.

[Sithara007]

^^^ Where did I lied?

I said that Russia is profiting out right now, because the oil-gas prices went up. And why did the oil and gas prices went up? When Trump was in power, crude oil was trading at $40 per barrel, and natural gas was trading at $60 per thousand cubic meters. Russian government was receiving around $10 billion per year at this point from the oil and gas sales.

When Biden became president, he implemented a series of policy changes and the oil prices went up to $120 per barrel and gas prices went up to $1,200 per thousand cubic meters. Russia is expected to make $200 to $300 billion this year from their exports, thanks to higher prices.

The reason why the Russian revenue went up is due to the fact that Biden regime helped to increase the gas and oil prices. India is an insignificant player in the global market to have any significant impact. Out of the 10.5 million barrels of crude oil that Russia produce every day, even now (at the peak), less than 10% goes to India. Out of the 540 billion cubic meters of gas they produce every year, less than 1% end up in India.

I have provided all the facts. You are just blaming India, because we are just an easy punching bag for you. Biden and EU are responsible for increased revenue inflow in to Russia, not India.  

And one more thing. Indian government has made this clear. We are ready to stop imports from Russia, in case alternate supplies are made available at the same cost.

[galambo]

The reason why the Russian revenue went up is due to the fact that Biden regime helped to increase the gas and oil prices. India is an insignificant player in the global market to have any significant impact. Out of the 10.5 million barrels of crude oil that Russia produce every day, even now (at the peak), less than 10% goes to India. Out of the 540 billion cubic meters of gas they produce every year, less than 1% end up in India.

Whats wrong if India is buying oil and gas from Russia? India is an old ally of Russia and why he should cut off his ties with a reliable ally on the demand of USA and Europe. Now India is buying more coal from Russia, India's Russian coal purchases spike despite sanctions. India buy discounted oil from Russia and thats helping its economy and people. USA and Europe must fight there war themselves not involve others into it.

[bitgov]

^^^ Where did I lied?

I said that Russia is profiting out right now, because the oil-gas prices went up. And why did the oil and gas prices went up? When Trump was in power, crude oil was trading at $40 per barrel, and natural gas was trading at $60 per thousand cubic meters. Russian government was receiving around $10 billion per year at this point from the oil and gas sales.

When Biden became president, he implemented a series of policy changes and the oil prices went up to $120 per barrel and gas prices went up to $1,200 per thousand cubic meters. Russia is expected to make $200 to $300 billion this year from their exports, thanks to higher prices.

The reason why the Russian revenue went up is due to the fact that Biden regime helped to increase the gas and oil prices. India is an insignificant player in the global market to have any significant impact. Out of the 10.5 million barrels of crude oil that Russia produce every day, even now (at the peak), less than 10% goes to India. Out of the 540 billion cubic meters of gas they produce every year, less than 1% end up in India.

I have provided all the facts. You are just blaming India, because we are just an easy punching bag for you. Biden and EU are responsible for increased revenue inflow in to Russia, not India.  

And one more thing. Indian government has made this clear. We are ready to stop imports from Russia, in case alternate supplies are made available at the same cost.

India make smart moves. That is good thing about them.
The are giving oil on less prices to their people also selling them to EU, EU and USA want the whole world to do what they like. But its not possible every time.
Carry on - and give benefit to local people - that is the real purpose of the local government.

[tygeade]

PS I don't blame India for anything. I can only express my personal opinion about the moral side of this or that act, to which I have every right. Like India, make decisions and explain your attitude to the problem. I just said that such a position could someday play a cruel joke on India. A passive or neutral position is, for example, when a bully beats a girl, and you are a healthy man, walk by and say - that's their business, I'm not alone, and give the bully a stone in his hand, because it turns out that the bully is your business partner. It's just that India is setting a very bad precedent. And when trouble happens to India, everyone will say - yes, this is a completely different problem, and why we will strain and suffer because of India or its problems. Although I sincerely wish that everything is fine in India and that there are no misfortunes, since I have a different attitude to other people's problems and tragedies ...

Let me remind you that Ukraine from the beginning of the operation and still carries out the transit of Russian gas through its territory to Europe and receives money from Gazprom for this. Don't you think it's too hypocritical to blame others for what you do yourself?

I did not know this, that sounds like a very weird situation. I mean what you are saying is that Russia gets rich from gas sales, and Ukraine is helping them get those sales and earn some profit from their profit as well, and at the same time Russia is sending missiles to them and bombing their nations?

How does that work? Like if you give me enough money I will ignore the bombs you are sending my way? Or like if my profits are up then I do not care if my workers died from a Russian soldiers gun? I do not know the logic behind this, I do not have any data to go on with, all I know is what you said, I do not know if what you said is true or not neither, but I really hope it is not true.

[Freeesta]

Excellent scheme! Each country gets what it wants to get. India gets oil and makes money, Russia makes money, the European Union gets oil, and only the offended Mr. Zelensky walks around the world with his arm outstretched. Bravo! That is why it was necessary to resolve the issue at the negotiating table!

[YinShuiSiYuan]

Excellent scheme! Each country gets what it wants to get. India gets oil and makes money, Russia makes money, the European Union gets oil, and only the offended Mr. Zelensky walks around the world with his arm outstretched. Bravo! That is why it was necessary to resolve the issue at the negotiating table!

Mr. Zelensky should understand that its not a wise thing to poke a power like Russia when USA is only good in supporting through weapons. USA did the same with Russia in 80s in Afghanistan but this time Russians came up with some plan and they have counter move for every move made by USA.

[be.open]

PS I don't blame India for anything. I can only express my personal opinion about the moral side of this or that act, to which I have every right. Like India, make decisions and explain your attitude to the problem. I just said that such a position could someday play a cruel joke on India. A passive or neutral position is, for example, when a bully beats a girl, and you are a healthy man, walk by and say - that's their business, I'm not alone, and give the bully a stone in his hand, because it turns out that the bully is your business partner. It's just that India is setting a very bad precedent. And when trouble happens to India, everyone will say - yes, this is a completely different problem, and why we will strain and suffer because of India or its problems. Although I sincerely wish that everything is fine in India and that there are no misfortunes, since I have a different attitude to other people's problems and tragedies ...

Let me remind you that Ukraine from the beginning of the operation and still carries out the transit of Russian gas through its territory to Europe and receives money from Gazprom for this. Don't you think it's too hypocritical to blame others for what you do yourself?

I did not know this, that sounds like a very weird situation. I mean what you are saying is that Russia gets rich from gas sales, and Ukraine is helping them get those sales and earn some profit from their profit as well, and at the same time Russia is sending missiles to them and bombing their nations?

How does that work? Like if you give me enough money I will ignore the bombs you are sending my way? Or like if my profits are up then I do not care if my workers died from a Russian soldiers gun? I do not know the logic behind this, I do not have any data to go on with, all I know is what you said, I do not know if what you said is true or not neither, but I really hope it is not true.

Well, now you know. A gas pipeline passes through Ukraine and Russian Gazprom pays Ukrainian Naftogaz for the transit of Russian gas from Russia to Europe at a rate of 41.7 million cubic meters of natural gas per day through the Sudzha gas metering station.

[Ultegra134]

^^^ Where did I lied?

I said that Russia is profiting out right now, because the oil-gas prices went up. And why did the oil and gas prices went up? When Trump was in power, crude oil was trading at $40 per barrel, and natural gas was trading at $60 per thousand cubic meters. Russian government was receiving around $10 billion per year at this point from the oil and gas sales.

When Biden became president, he implemented a series of policy changes and the oil prices went up to $120 per barrel and gas prices went up to $1,200 per thousand cubic meters. Russia is expected to make $200 to $300 billion this year from their exports, thanks to higher prices.

The reason why the Russian revenue went up is due to the fact that Biden regime helped to increase the gas and oil prices. India is an insignificant player in the global market to have any significant impact. Out of the 10.5 million barrels of crude oil that Russia produce every day, even now (at the peak), less than 10% goes to India. Out of the 540 billion cubic meters of gas they produce every year, less than 1% end up in India.

I have provided all the facts. You are just blaming India, because we are just an easy punching bag for you. Biden and EU are responsible for increased revenue inflow in to Russia, not India.  

And one more thing. Indian government has made this clear. We are ready to stop imports from Russia, in case alternate supplies are made available at the same cost.

India should be the least of our concerns, to be honest. The United States and EU have created this situation by imposing stupid sanctions and bans creating huge revenue for Russia, while inflation is soaring in US and EU, with gas prices, electricity and groceries skyrocketing. The energy crisis had started since September, but the whole ordeal with the war and the imposed sanctions made it 50 times worse than it already was.

[Hispo]

-snip-

-snip-

What it is crazy about this situation is the fact energy prices are this high during summer in the north: Europe, USA, Canada...

I can't imagine how expensive energy will get once people won't have other option but pay to warm their houses up this year during the winter. Do you believe there is a chance USA/EU would withdraw some sanctions against Russian gas by winter? Or is it more likely USA/Germany would backpedal their plans to push green energy in favor of fossil during the winter? 

[Ultegra134]

-snip-

-snip-

What it is crazy about this situation is the fact energy prices are this high during summer in the north: Europe, USA, Canada...

I can't imagine how expensive energy will get once people won't have other option but pay to warm their houses up this year during the winter. Do you believe there is a chance USA/EU would withdraw some sanctions against Russian gas by winter? Or is it more likely USA/Germany would backpedal their plans to push green energy in favor of fossil during the winter? 

My heart skips a beat when thinking about the upcoming winter. I was reading an article earlier on The Guardian regarding the war, it mentioned that it could even last years, which means that the situation will only worsen in the future, to the point that it's stressing me out. Fuel prices are expected to rise even further with crude oil being extremely volatile, while the exchange rate of EUR/USD has severely shifted, having a huge impact on imports. Already working two jobs to be able to maintain myself and have some kind of purchasing power, but it's still not enough.

[n0ne]

-snip-

-snip-

What it is crazy about this situation is the fact energy prices are this high during summer in the north: Europe, USA, Canada...

I can't imagine how expensive energy will get once people won't have other option but pay to warm their houses up this year during the winter. Do you believe there is a chance USA/EU would withdraw some sanctions against Russian gas by winter? Or is it more likely USA/Germany would backpedal their plans to push green energy in favor of fossil during the winter? 

My heart skips a beat when thinking about the upcoming winter. I was reading an article earlier on The Guardian regarding the war, it mentioned that it could even last years, which means that the situation will only worsen in the future, to the point that it's stressing me out. Fuel prices are expected to rise even further with crude oil being extremely volatile, while the exchange rate of EUR/USD has severely shifted, having a huge impact on imports. Already working two jobs to be able to maintain myself and have some kind of purchasing power, but it's still not enough.

During the year 2014 itself Russo - Ukrainian War have begun. Now in 2022 the invasion have happened. As said this war seems to last for longer days, because in an article saw an old lady starting her vegetable business close to the region of bombs. This shows that people can't survive anymore, they need to do something for survival.

We don't know what is gonna happen by the winter, really painful situation for people residing in such a climate and unable to keep them warm. To go completely on green energy isn't a possible solution for now, and for these climatic conditions it is always the fossil fuels. Russia will make plans to make them stronger when the demand increases.

[Sithara007]

India should be the least of our concerns, to be honest. The United States and EU have created this situation by imposing stupid sanctions and bans creating huge revenue for Russia, while inflation is soaring in US and EU, with gas prices, electricity and groceries skyrocketing. The energy crisis had started since September, but the whole ordeal with the war and the imposed sanctions made it 50 times worse than it already was.

And the worst thing is that all this has just started. I won't be surprised if the prices go up much higher than the current levels. I expect crude oil trading at above $200 per barrel before the end of this year (both OPEC and the US shale oil producers have refused to increase their output). And I expect natural has to trade at higher than $2,000 per thousand cubic meters. The Russians will be happy, but they won't be able to make as much money as they would have liked due to the sanctions. The big gainers here are OPEC nations, such as Saudi Arabia, Kuwait and the United Arab Emirates.

[Ultegra134]

India should be the least of our concerns, to be honest. The United States and EU have created this situation by imposing stupid sanctions and bans creating huge revenue for Russia, while inflation is soaring in US and EU, with gas prices, electricity and groceries skyrocketing. The energy crisis had started since September, but the whole ordeal with the war and the imposed sanctions made it 50 times worse than it already was.

And the worst thing is that all this has just started. I won't be surprised if the prices go up much higher than the current levels. I expect crude oil trading at above $200 per barrel before the end of this year (both OPEC and the US shale oil producers have refused to increase their output). And I expect natural has to trade at higher than $2,000 per thousand cubic meters. The Russians will be happy, but they won't be able to make as much money as they would have liked due to the sanctions. The big gainers here are OPEC nations, such as Saudi Arabia, Kuwait and the United Arab Emirates.

That's actually a prediction which has been rumored since the beginning of the war. Honestly, at this point I wouldn't be surprised, one thing is for sure, the condition is only going to get worse as the time passes by. Crude oil has been extremely volatile and little has been done to control the excessive prices. The following winter will be worse than the other two we had with Covid-19...

[Hispo]

-snip-

-snip-

-snip-

My heart skips a beat when thinking about the upcoming winter. I was reading an article earlier on The Guardian regarding the war, it mentioned that it could even last years, which means that the situation will only worsen in the future, to the point that it's stressing me out. Fuel prices are expected to rise even further with crude oil being extremely volatile, while the exchange rate of EUR/USD has severely shifted, having a huge impact on imports. Already working two jobs to be able to maintain myself and have some kind of purchasing power, but it's still not enough.

We don't know what is gonna happen by the winter, really painful situation for people residing in such a climate and unable to keep them warm. To go completely on green energy isn't a possible solution for now, and for these climatic conditions it is always the fossil fuels. Russia will make plans to make them stronger when the demand increases.

I'd dare to say we are already seeing an advance of what will likely happen this next Winter.
It seems Germany has backpedaled on its green plans for now and started to burn coal to face the lack of natural gas:

https://www.cnbc.com/2022/06/20/ukraine-war-germany-turns-to-coal-as-russia-throttles-gas-supplies.html

I knew that Germany has little to none oil reserves and little gas, but much coal. This led me to briefly investigate the global reserves of coal and according to Wikipedia, this is the distribution:

Source: Wikipedia.

Surprisinly, USA and Germany has important reserves of Coal.
This means that, if green politicians swallow their pride a bit, nobody should suffer of cold next summer, of course, we know this is not the ideal case but it may work as a plan C, in case A and B fail.

Germany is already taking a step forward even though they took environmental policies very seriously, let us see how the events develop as temperatures start to drop.

[Naficopa]

And the worst thing is that all this has just started. I won't be surprised if the prices go up much higher than the current levels. I expect crude oil trading at above $200 per barrel before the end of this year (both OPEC and the US shale oil producers have refused to increase their output). And I expect natural has to trade at higher than $2,000 per thousand cubic meters. The Russians will be happy, but they won't be able to make as much money as they would have liked due to the sanctions. The big gainers here are OPEC nations, such as Saudi Arabia, Kuwait and the United Arab Emirates.

Seems like Indian are very happy with their PM. He seems a simple man but are his advisors good or does his mind work really well?
They are smart enough having good terms with US and they are buying oil from Russia and selling it to EU. Very impressive though!

[Sithara007]

Seems like Indian are very happy with their PM. He seems a simple man but are his advisors good or does his mind work really well?
They are smart enough having good terms with US and they are buying oil from Russia and selling it to EU. Very impressive though!

I would give credit to the PM (Narendra Modi), but at the same time I will acknowledge the contribution from the Minister of External Affairs (Subrahmanyam Jaishankar). The latter was quite instrumental in countering the criticism from western nations regarding Russian crude oil imports. You can watch this interview here, to understand how skilled he is:

https://www.youtube.com/watch?v=j2EdQD_Eag0

I am quite thankful to the current government for keeping economy in good spirits. Some of the neighboring countries are going through economic meltdown. We have avoided that fate so far.

[Wind_FURY]

Seems like Indian are very happy with their PM. He seems a simple man but are his advisors good or does his mind work really well?
They are smart enough having good terms with US and they are buying oil from Russia and selling it to EU. Very impressive though!

I would give credit to the PM (Narendra Modi), but at the same time I will acknowledge the contribution from the Minister of External Affairs (Subrahmanyam Jaishankar). The latter was quite instrumental in countering the criticism from western nations regarding Russian crude oil imports. You can watch this interview here, to understand how skilled he is:

https://www.youtube.com/watch?v=j2EdQD_Eag0

I am quite thankful to the current government for keeping economy in good spirits. Some of the neighboring countries are going through economic meltdown. We have avoided that fate so far.

It's laughable, but in my opinion, there's nothing wrong with it. Do you know what that practice is simply called? We see it everyday, it's actually around us. It's called the act of doing business. India saw a gap in the market, and took the opportunity to fill that gap. Simple.

[Don Pedro Dinero]

What it is crazy about this situation is the fact energy prices are this high during summer in the north: Europe, USA, Canada...

I can't imagine how expensive energy will get once people won't have other option but pay to warm their houses up this year during the winter. Do you believe there is a chance USA/EU would withdraw some sanctions against Russian gas by winter? Or is it more likely USA/Germany would backpedal their plans to push green energy in favor of fossil during the winter? 

I believe that if the war is over, trade with Russia will be restored quickly. If it continues, I think we're going to stay the same.

Germany is making a fool of themselves, shutting down nuclear plants and talking about gas rationing, which is not only affecting their population, but German industry is very powerful, and all this is also hurting them.

I believe that the best solution for Europe, as we don't have fossil fuels, is to support the energy mix with nuclear power plants. Closing them all is madness.

[Wind_FURY]

What it is crazy about this situation is the fact energy prices are this high during summer in the north: Europe, USA, Canada...

I can't imagine how expensive energy will get once people won't have other option but pay to warm their houses up this year during the winter. Do you believe there is a chance USA/EU would withdraw some sanctions against Russian gas by winter? Or is it more likely USA/Germany would backpedal their plans to push green energy in favor of fossil during the winter?  

I believe that if the war is over, trade with Russia will be restored quickly. If it continues, I think we're going to stay the same.

Germany is making a fool of themselves, shutting down nuclear plants and talking about gas rationing, which is not only affecting their population, but German industry is very powerful, and all this is also hurting them.

I believe that the best solution for Europe, as we don't have fossil fuels, is to support the energy mix with nuclear power plants. Closing them all is madness.

They're making MORE a fool of themselves because I believe Germany, and some countries in Europe, are proposing to increase their imports of Thermal Coal to use Coal-powered plants during the winter. What happened to "Go Green"/"Renewable Energy Future"?

Plus another MORE fools of themselves again because 70% of European imports of Thermal Coal comes from? Russia.

[Hispo]

What it is crazy about this situation is the fact energy prices are this high during summer in the north: Europe, USA, Canada...

I can't imagine how expensive energy will get once people won't have other option but pay to warm their houses up this year during the winter. Do you believe there is a chance USA/EU would withdraw some sanctions against Russian gas by winter? Or is it more likely USA/Germany would backpedal their plans to push green energy in favor of fossil during the winter?  

I believe that if the war is over, trade with Russia will be restored quickly. If it continues, I think we're going to stay the same.

Germany is making a fool of themselves, shutting down nuclear plants and talking about gas rationing, which is not only affecting their population, but German industry is very powerful, and all this is also hurting them.

I believe that the best solution for Europe, as we don't have fossil fuels, is to support the energy mix with nuclear power plants. Closing them all is madness.

They're making MORE a fool of themselves because I believe Germany, and some countries in Europe, are proposing to increase their imports of Thermal Coal to use Coal-powered plants during the winter. What happened to "Go Green"/"Renewable Energy Future"?

Plus another MORE fools of themselves again because 70% of European imports of Thermal Coal comes from? Russia.

Germany itself has quite lot of coal and USA has about 20% of coal reserves, so if they want, they could use coal to survive next winter, the problem is that this is not a likely scenario, imo.

Also, unlike France, it see Germany is afraid nuclear energy is detrimental to the environment in the long run, they are scared of radiation, unfortunately for them they are now turning their efforts to coal once more, perhaps in their eyes some smog and CO2 is better to deal with than nuclear waste.

[DrBeer]

What it is crazy about this situation is the fact energy prices are this high during summer in the north: Europe, USA, Canada...

I can't imagine how expensive energy will get once people won't have other option but pay to warm their houses up this year during the winter. Do you believe there is a chance USA/EU would withdraw some sanctions against Russian gas by winter? Or is it more likely USA/Germany would backpedal their plans to push green energy in favor of fossil during the winter?  

I believe that if the war is over, trade with Russia will be restored quickly. If it continues, I think we're going to stay the same.

Germany is making a fool of themselves, shutting down nuclear plants and talking about gas rationing, which is not only affecting their population, but German industry is very powerful, and all this is also hurting them.

I believe that the best solution for Europe, as we don't have fossil fuels, is to support the energy mix with nuclear power plants. Closing them all is madness.

They're making MORE a fool of themselves because I believe Germany, and some countries in Europe, are proposing to increase their imports of Thermal Coal to use Coal-powered plants during the winter. What happened to "Go Green"/"Renewable Energy Future"?

Plus another MORE fools of themselves again because 70% of European imports of Thermal Coal comes from? Russia.

Do you really think that there is no coal anywhere else? Oil? Natural gas? Believe me - in 3-4 years, the remnants of Russia will beg to buy from her, her gas and oil, at least for a dollar Although no, I'm lying, I agree! It is China and India that will buy gas and oil from collapsed Russia for $1 and sell Europe for $10

In Europe, while for some countries, gas has already begun to flow from Azerbaijan. I am sure they will like to sell to stable, buyers, for a reliable currency, and supplies will expand their geography.

By the way, the question is - what do you think - Maduro, in Venezuela, in the country with the largest oil deposits, is interested in where to sell oil? US and EU for dollars and Euros, or China for yuan? Or maybe .... for Russian rubles? Maduro is certainly an "interesting type", but he's not an idiot! That is why the ban on the sale of oil to normal world markets is lifted from Venezuela ...

[be.open]

By the way, the question is - what do you think - Maduro, in Venezuela, in the country with the largest oil deposits, is interested in where to sell oil? US and EU for dollars and Euros, or China for yuan? Or maybe .... for Russian rubles? Maduro is certainly an "interesting type", but he's not an idiot! That is why the ban on the sale of oil to normal world markets is lifted from Venezuela ...

You may be surprised, but in 2020, under pressure from US sanctions, Rosneft ceased operations in Venezuela and sold all its local assets to a company that is 100% owned by the Russian government. At that time, Russian companies controlled 70% of all oil produced in Venezuela.

[Sithara007]

I believe that if the war is over, trade with Russia will be restored quickly. If it continues, I think we're going to stay the same.

Germany is making a fool of themselves, shutting down nuclear plants and talking about gas rationing, which is not only affecting their population, but German industry is very powerful, and all this is also hurting them.

I believe that the best solution for Europe, as we don't have fossil fuels, is to support the energy mix with nuclear power plants. Closing them all is madness.

Once this military operation ends (end of 2022, or some time in 2023), I believe that Europe will turn out to be the biggest losers, along with Japan. In both these countries, the automobile and heavy engineering industries are getting decimated as a result of high natural gas prices. On the other hand, the American industries, who previously struggled to compete with the Germans and Japanese are now in a much better position. The same can be said (to a certain extent) about the Chinese manufacturers as well.

[galambo]

Once this military operation ends (end of 2022, or some time in 2023), I believe that Europe will turn out to be the biggest losers, along with Japan. In both these countries, the automobile and heavy engineering industries are getting decimated as a result of high natural gas prices. On the other hand, the American industries, who previously struggled to compete with the Germans and Japanese are now in a much better position. The same can be said (to a certain extent) about the Chinese manufacturers as well.

No matter what sanctions USA and Europe imposed, Russia is getting stronger and stronger. Now China is biggest importer of Russian Oil as per news of CNN. China is importing Russian oil instead os Saudai Arabia since Russia is giving oil at discounted price. So Russia has nothing to lose, if Europe is closing market for Russia then new frontiers are welcoming Russia oil.

[Naficopa]

I believe that if the war is over, trade with Russia will be restored quickly. If it continues, I think we're going to stay the same.

Germany is making a fool of themselves, shutting down nuclear plants and talking about gas rationing, which is not only affecting their population, but German industry is very powerful, and all this is also hurting them.

I believe that the best solution for Europe, as we don't have fossil fuels, is to support the energy mix with nuclear power plants. Closing them all is madness.

Once this military operation ends (end of 2022, or some time in 2023), I believe that Europe will turn out to be the biggest losers, along with Japan. In both these countries, the automobile and heavy engineering industries are getting decimated as a result of high natural gas prices. On the other hand, the American industries, who previously struggled to compete with the Germans and Japanese are now in a much better position. The same can be said (to a certain extent) about the Chinese manufacturers as well.

EU have done a big mistake - that is correct they will be biggest loser along with Japan.
But on the other hand - I am impressed with India how they have grabbed this opportunity and used it in the best interest of the country.

[DrBeer]

By the way, the question is - what do you think - Maduro, in Venezuela, in the country with the largest oil deposits, is interested in where to sell oil? US and EU for dollars and Euros, or China for yuan? Or maybe .... for Russian rubles? Maduro is certainly an "interesting type", but he's not an idiot! That is why the ban on the sale of oil to normal world markets is lifted from Venezuela ...

You may be surprised, but in 2020, under pressure from US sanctions, Rosneft ceased operations in Venezuela and sold all its local assets to a company that is 100% owned by the Russian government. At that time, Russian companies controlled 70% of all oil produced in Venezuela.

All right! The terrorist country, as always, cowardly leaves the territories where normal laws and relations should soon appear, where it is impossible to terrorize the supplier or the buyer with their idiotic problems. Maduro is, of course, verbally "against" Western values, but he understands that being a slave to an isolated terrorist is a road to nowhere. Plus, problems are accumulating, and there is only one way out - to start cooperating with normal countries, normal buyers! And so it will continue

[be.open]

By the way, the question is - what do you think - Maduro, in Venezuela, in the country with the largest oil deposits, is interested in where to sell oil? US and EU for dollars and Euros, or China for yuan? Or maybe .... for Russian rubles? Maduro is certainly an "interesting type", but he's not an idiot! That is why the ban on the sale of oil to normal world markets is lifted from Venezuela ...

You may be surprised, but in 2020, under pressure from US sanctions, Rosneft ceased operations in Venezuela and sold all its local assets to a company that is 100% owned by the Russian government. At that time, Russian companies controlled 70% of all oil produced in Venezuela.

All right! The terrorist country, as always, cowardly leaves the territories where normal laws and relations should soon appear, where it is impossible to terrorize the supplier or the buyer with their idiotic problems. Maduro is, of course, verbally "against" Western values, but he understands that being a slave to an isolated terrorist is a road to nowhere. Plus, problems are accumulating, and there is only one way out - to start cooperating with normal countries, normal buyers! And so it will continue

In 2020, the US State Department offered a $15 million reward for information leading to Maduro's arrest, do you think he has already forgotten about it?

The US is now in desperate need of heavy oil to solve the shortage of diesel fuel, which is needed for road freight transport and is one of the strongest sources of inflation for all types of goods.

[Naficopa]

The US is now in desperate need of heavy oil to solve the shortage of diesel fuel, which is needed for road freight transport and is one of the strongest sources of inflation for all types of goods.

Say whatever you want to say - but one thing is for sure - India play well in international politics.
I am impressed by the way they have terms with America and Russia. And cherry on the top, they are reselling the oil to EU. What is EU doing? Fooling themselves they they are not purchasing Russian oil. LMAO