Another perspective on russia.
India buys Russian oil despite pressure for sanctionsNEW DELHI (AP) — The state-run Indian Oil Corp. bought 3 million barrels of crude oil from Russia earlier this week to secure its energy needs, resisting Western pressure to avoid such purchases, an Indian government official said Friday.
Such prices have surged in recent weeks, posing a huge burden for countries like India, which imports 85% of the oil it consumes. Its demand is projected to jump 8.2% this year to 5.15 million barrels per day as the economy recovers from the devastation caused by the pandemic.
Asked by reporters about India buying oil from Russia, the spokesman for the External Affairs Ministry, Arindam Bagchi, said many European countries import Russian oil and gas.
“India imports most of its oil requirements. We are exploring all possibilities in the global energy market. I don’t think Russia has been a major oil supplier to India,” Bagchi said.
Iraq is India's top supplier with a 27% share. Saudi Arabia is second at around 17%, followed by the United Arab Emirates with 13% and the U.S. at 9%, the Press Trust of India news agency reported.
https://news.yahoo.com/india-buys-russian-oil-despite-052218946.html There are so many positive and negative stories revolving around russia, its difficult to gain a clear perspective of what the overall outcome is.
The above article claims india imports 85% of its oil from foreign sources. I think they may not be able to afford boycotts of oil, unless they could find another supplier nearby.
It appears russia's army has temporarily halted its invasion, as a cost cutting measure. If russia manages to recover its economic and financial situation, it will once again continue its invasion.