How India Will Bail Out Vladimir Putin

Despite Western efforts to alienate Moscow via sanctions, India might bail out Russia by accepting an offer to purchase crude oil as well as other goods at a bargain.

How India Will Bail Out Vladimir Putin

India, which imports 80% of its oil, normally only purchases approximately 1% from Russia. However, with oil prices up 40% already this year, the administration is considering raising it if it may assist lower the government’s soaring energy cost, reports Dailymail.

‘Russia is offering oil and other commodities at a heavy discount. We will be happy to take that,’ said an Indian government official, refusing to say how much oil was on proposition or even what the rebate was.

The person went on to say that such a deal would necessitate preliminary work such as shipping, insurance, and obtaining the correct blend of oil, but once that was completed, India would accept Russia’s proposal.

In 2021, Iraq was India’s main crude oil provider, contributing for 25% of the country’s overall crude imports.

Subscribe to GreatGameIndia

Enter your email address to subscribe to GGI and receive notifications of new posts by email.

Other major suppliers included Saudi Arabia (16%), the United Arab Emirates (11%), Nigeria (8%), and the United States (7%).

After China relaxed wheat import limitations at the end of February, India has become the latest nation to give a sanction-busting lifeboat as the Russian-led conflict approaches its third week. Reservations about Russia’s attempts to avoid diseases in plants, especially in agricultural crops, had limited imports.

Neither Beijing nor New Delhi publicly denounced Russia’s operation in Ukraine, and both refrained from a United Nations resolution last month condemning Russian intervention.

Both countries are treading a political tightrope in an effort to maintain critical trade ties with Russia, which is currently experiencing major economic difficulties as a result of sanctions.

Meanwhile, in 2021/22, the UK would contribute £55.3 million in support to India, a nation that has its own space program, increasing from £41.5 million in 2020/21.

How India Will Bail Out Vladimir Putin 1
India may bail out Russia by taking up an offer to buy crude oil and other commodities at a discount despite Western attempts to isolate Moscow through sanctions (pictured, Russian President Vladimir Putin and Indian Prime Minister Narendra Modi meeting in December 2021)
How India Will Bail Out Vladimir Putin 2
How India Will Bail Out Vladimir PutinIndia, which imports 80 per cent of its oil needs, usually buys only about 2-3 per cent from Russia. But with oil prices up 40 per cent so far this year, the government is looking at increasing this if it can help reduce its energy bill (pictured a Russian diesel plant in Irkutsk)
How India Will Bail Out Vladimir Putin 3
India has walked a diplomatic tightrope over Russia’s invasion of Ukraine, refusing to condemn the war and abstaining from a UN vote calling out Moscow’s aggression last month
How India Will Bail Out Vladimir Putin 4

In recent weeks, US authorities have stated that they want India to remove themselves as far as feasible from Russia, while acknowledging India’s strong dependence on Moscow for everything from weaponry and ammunition to missiles and fighter jets.

India’s security establishment, according to one source, understands the West’s perspective, considering the country’s necessity to maintain its armed forces well-supplied amidst ongoing border conflicts with China.

According to Reuters, Indian officials are attempting to establish a rupee-rouble arrangement with Russia in order to maintain bilateral commerce.

Russia has encouraged friendly countries to keep their economic and investment links intact.

According to one of the officials, India is searching for affordable fertilizer from Russia as well as its ally Belarus, in addition to oil.

Officials in India have stated that they will not be able to substitute Russia with other suppliers in the near future, notably in the defense industry.

Notwithstanding a major drop over the last decade, India’s military hardware dependency on Russia is still just as large as 60%.

US officials have refused to specify whether India would face sanctions if Russia delivered five S-400 missile systems as part of a $5.5 billion contract negotiated in 2018.

How India Will Bail Out Vladimir Putin 5
How India Will Bail Out Vladimir Putin 6
Neither Beijing nor New Delhi have condemned the invasion in Ukraine and both abstained from a vote at the United Nations calling out Russian aggression last month 
How India Will Bail Out Vladimir Putin 7
The move to keep the wheat market open was reportedly part of a deal between Moscow and Beijing concluded earlier this month and is the latest sign of growing ties between the two states

Despite a US rule intended at discouraging nations from purchasing Russian military hardware, preliminary supply of the system began late the year before.

India is broadening its military suppliers, according to Ely Ratner, US Assistant Secretary of Defense for Indo-Pacific Security Affairs, who spoke before the US Congress last week.

‘We recognize that India has a complicated history and relationship with Russia. The majority of the weapons that they buy are from the Russians,’ he said.

‘The good news is that they are in a multi-year process of diversifying their arms purchases away from Russia – that’s going to take some time. 

‘But they are clearly committed to doing that, including the indigenization of their own defense industry and that’s something we should support.’

Last week, British Foreign Minister Liz Truss said that greater commercial and defense connections with India should be pursued to assist India minimize its dependency on Russia.

New Delhi has reduced its defense purchases from Russia by 53% since 2011.

Former Indian ambassador to Russia D. Bala Venkatesh Varma stated New Delhi should not be asked to incur a cost for a worldwide power struggle.

‘This is not a fight we have created,’ he said in an online conference on Monday.

During their Friday phone discussion, Ukrainian President Vlodymyr Zelensky urged US President Joe Biden to shut Russia off from international waterways.

More sanctions against Kremlin insiders, as well as additional isolation of Russia from global commerce, were among his demands, according to those acquainted with the call.

How India Will Bail Out Vladimir Putin 8
Two people were killed on Monday during a Russian missile attack on a Kyiv apartment block. One person died when a rocket struck the residential complex while a second was killed by debris from a second missile being intercepted
How India Will Bail Out Vladimir Putin 9
A view of damaged area after fragments from a Tochka missile which was allegedly launched by Ukrainian forces has fallen in Donetsk region, killing 20 civilians, injured 9 others, on March 14
How India Will Bail Out Vladimir Putin 10
A child looks on a she stands in front of a destroyed apartment building following shelling in Kyiv on March 14

Watch the video below:

GreatGameIndia is being actively targeted by powerful forces who do not wish us to survive. Your contribution, however small help us keep afloat. We accept voluntary payment for the content available for free on this website via UPI, PayPal and Bitcoin.

Support GreatGameIndia

1 COMMENT

  1. Globalist oligarchs on all sides take incremental steps to escalate the matter on both sides, always hiding under the cover of innocence due to immutable forces, like COVID, crazy paranoid Putin, incompetent Biden, or what have you. At the end, no matter how we get there, the world’s middle class is destroyed and the oligarchs win. Don’t fall for the antics of this parade of fools covering for the advent of a reign of perpetual misery. Promote negotiated solutions that leave societies intact.

Leave a Reply