Hmm, India is buying oil at a discount rate but they are selling those oil by refining to European countries when oil price in their own country is skyrocketing. When people are suffering because of these price hikes then govt is making a hell lot of money.
They can not reduce oil prices in their country when they are already buying it at a discount rate then how OPEC countries increased oil supply will decrease the oil price?
There is so much drama involved in it - why have EU not thought once before putting the sanctions on Russia.
Did they believe that Russia will do as they demand and beg EU to remove the sanction. Russia is the power they have fuel. Now half of the world is in trouble and IND are clever enough to cash this game.
EU knows Russia won't beg to remove sanctions because it is not the first time the west put sanctions on Russia. Actually, the most benefited from this conflict is the USA. They force EU countries to put sanctions on Russia so that they can not buy fuel from them. Now the USA is selling oil and gas to the EU at a high price. The USA announcing billions of dollars in arms deals with Ukraine. On the other hand, many Ukrainian soldiers are talking about shortages of ammunition and their dire situation on the battlefield. Where are all these weapons going? This is all about the business that the USA and UK are playing with the EU.
The US may benefit from the sanction the EU placed on the Russians but it somehow affects all of them due because after Saudi Arabia, Russia in the largest exporter of oil in the global market. However, the world is in chaos today because of the selfish and political game of our leader.
The same game is what the Indian government is playing with their citizen by suffering them with the hike in the price of gas while they bought it cheap from the Russia and also make more money by selling it the EU.