With oil and energy becoming a major source of worry for billions of people as 2022 drags on, India has positioned itself in quite a nice situation. This is predicated on the fact that Russia has become India's second largest oil supplier.
Russia is largely unscathed by NATO sanctions, according to increasing amounts of evidence. Russian oil profits appear to have increased this year, contrary to what some in the mainstream press had predicted would transpire with their currency. The oil business in Russia is booming, and its currency is steady.
With a population of more than 1.3 billion, Russia just overtook Saudi Arabia as India's second-largest oil provider. They still receive the majority of their supplies from Iraq.
A change in commerce from the west to the east is the main explanation for this. By growing sales to friends like China and India and displacing the dollar as the instrument for reserve currency, Russia is displacing US and European consumers.
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