Post
Topic
Board Economics
Re: Russian Gas ban - A problem for Europe or suicide for Russia?
by
sovie
on 12/05/2022, 13:24:30 UTC
Being a resident of India, I could say that here there is a lot of pressure on the government to get cheaper oil and gas. LPG and gasoline prices are at all time high, and the citizens are really unhappy about it. Russia is ready to sell crude oil to India at heavy discounts ($40 per barrel lower than the market rates). But transporting this much oil and gas from Russia to India is the biggest problem. There are not many supertankers available and even those available are hit by the sanctions and embargoes from the EU/US.

India is too good in deciding its foreign policy that best suits there national interest. India has good ties with both Russia and USA. Even in Ukraine war, India so far has manitained a neutral stance and that's something annoying for USA but still USA cant do anything since India is one of big powers of Asia region.