China is no longer buying Venezuela oil from the hands of the USA and Canada is the one that benefits most from the development. I think Canada saw the opportunity early, and Mark Carney went to Beijing to cut a deal over energy. It was a win-win situation for China and Canada. Canadian oil shipped from Vancouver to China took 40 days shorter than from Venezuela and the savings on cost is substantial. It was to be a blessing in disguise for China really.
India has agreed not to buy cheap Russian oil, and Trump is lowering tariffs on India from 50% to 18%, and India will be buying oil from the USA, albeit not as cheap. Russia can now sell more oil to China, and everyone is, I suppose happy.
Now, what would Russia think of India? Still no better than a stray dog running from one master to another whoever throws it a bone. I think Russia's trust in India is gone for good. India, I understand, still owes Russia money for oil supplied to India over the years. India wanted to pay in rupees, which Russia does not want to accept. That debt is, I suppose to be written off as bad debt, lol. as India is probably not going to pay up now.
Anonymous
2 comments:
Trump is not happy also with India buying Rafale jets from France. He is trying to throw a spanner into the deal with negative comments about Rafale jets and Trump dangling the sale of F35s to India. The number of Rafale jets shot down by Pakistan during the India/Pakistan air war provided Trump the opportunity to capitalize by exposing the negativity of Rafales, which made India livid while it was attempting to cover the loss.
About the narrative that India is not buying Russian oil comes from the USA side, with no official declaration by the Indian side. So, let us take it as just idle talk, as was the case in the past. Can India afford expensive oil when it is trying to industrialize and with its currency slipping towards the sewers. It would be adding insult to injury to replace cheap Russian oil with expensive oil from USA and elsewhere, just to bend over to Trump and waiting for more demands.
If India does really cut off Russian oil, I think there is little chance for it to go back again when the shit hits the fan, just like the Europeans. Putin knows what the Indians are up to trying to play both sides.
Americans will not allow the Indians to touch a F35. When the Brit's F35 got stuck in India, they make sure it would not be out of their sight, not allowing the Indians to tow it into a hangar.
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