Posted on 03/18/2022 10:05:42 AM PDT by Oldeconomybuyer
WASHINGTON (AP) — President Joe Biden’s campaign to unite the globe against the Russian invasion of Ukraine is being challenged not only by adversaries such as China but also by the world’s most populous democracy, India.
An Indian government official said on Friday that the country will increase its imports of Russian oil, allowing it to boost energy supplies at a discount as its economy struggles to recover from the coronavirus pandemic.
Although India isn’t alone in buying Russian energy — several European allies such as Germany have continued to do so — the decision conflicts with Biden’s efforts to isolate Russia’s economy with sanctions.
Imports make up 85% of India’s oil needs, and its overall demand is projected to jump 8.2% to 5.15 million barrels per day this year.
Indian media reports said that Russia was offering a 20% discount on oil purchases below global benchmark prices.
“We are exploring all possibilities in the global energy market,” India’s External Affairs Ministry spokesman Arindam Bagchi said Thursday. “I don’t think Russia has been a major oil supplier to India.”
India’s relationship with Russia revolves more around defense than energy. Russia provides only a small fraction of India’s oil but the majority of its military hardware.
(Excerpt) Read more at apnews.com ...
Indian PM is more loyal to his people than to Democrat cash cow Ukraine.
Some politicians put the needs of their own citizens over getting Facebook “likes”
How DARE Russia sell its own oil!!!
Russia is free to sell oil to India and I can’t imagine anyone laying down too heavy a sanction on India.
But then the question of shipping the oil comes up. Most of the world’s oil tanker fleet is flagged in Greece or Bermuda and neither will be docking in a Russian port anytime soon.
Remembering his own name is an effort for Low IQ Joe.
Biden will always be at a disadvantage when meeting with world leaders unless he is willing to unleash America’s energy dominance in the form of oil&gas. Everyone else weaponizes energy supply while Biden plays with windmills and solar panels. For any part of the world to advance, it requires energy — he who has the most is the winner.
But Biden does not have America’s welfare in mind. Some day in the future he will be recognized as a traitor to America.
Didn’t Biden make a joke about 7/11 and Indian accents recently?
You attack the supply side by MAKING YOUR OWN GAS
New World Order with a demented old fool in charge. The whole world will never be united.
Biden could solve the oil shortage in 15 mins if he wanted to.
Greece and Bahamas are far from the top of the list anymore. The Marshall Islands has the most oil tankers registered. Panama and Liberia are in the top five now. And all wouldn’t care where they dock.
Biden always wanted to “Screw America First”
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