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India Draws Red Line On Russian Oil; Here's Why Delhi Won’t Bow To U.S. Pressure
India has delivered 1 of its strongest signals yet to Washington implicit Russian lipid imports. Despite increasing US unit and the expiry of sanctions waivers linked to Russian seaborne crude, New Delhi says it volition proceed buying discounted Russian lipid due to the fact that India’s vigor information comes first. As planetary lipid markets look uncertainty owed to the Iran-Israel-US situation and rising tensions astir the Strait of Hormuz, India is refusing to compromise connected affordable vigor supplies for its economy. Russian crude imports to India stay adjacent grounds levels, with shipments crossing 2 cardinal barrels per day. This is not conscionable astir geopolitics. It is astir economics, inflation, concern maturation and nationalist interest. In this video, we interruption down wherefore India is lasting firm, however Russia became India’s biggest lipid supplier aft the Ukraine war, wherefore the US sanctions waiver expired, and what this means for India-US ties, planetary lipid markets and the aboriginal of vigor geopolitics.
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