Post
Topic
Board Economics
Re: Pay in rubles or have your gas shut off by April
by
Sithara007
on 24/05/2022, 14:56:46 UTC
@Sithara007 - I read your comments everyday. I have read and heard in news that INDIA purchase oil and gas from Russia. But when Pakistan tried to purchase oil and gas from Russia we saw serious consequences. And out elected government was toppled. We are in political and economic turmoil.

Well.. it is not that simple. First of all, the Indian government has avoided direct confrontation with the US administration. While it is true that the share of Russian oil imports jumped from 1% to 15% during the last few months, it still represents a small portion of all the crude oil that is imported to India. Iraq remains the top supplier. And secondly, in order to appease the American administration the Indian government cancelled a few defense deals with Russia. Essentially, the government is walking on a thin line with little room for further maneuverability. And at the same time, they are bargaining hard with both the sides.