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1. India is not alligned to any country. India cares about what it's best interest for its own people. If that means buying oil from Russia so be it. 2. Articl
by blue_light_man 4y ago
1. India is not alligned to any country. India cares about what it's best interest for its own people. If that means buying oil from Russia so be it.
2. Article 46 of Indian constitution -> "The State shall promote with special care the educational and economic interests of the weaker sections of the people, and, in particular, of the Scheduled Castes and the Sche- duled Tribes, and shall protect them from social injustice and all forms of exploitation."
3. The constitution itself of India was written by Ambedkar who himself is a dalit.
- ram4jesus 4y agoI applaud the Indian state. One of the worst things about the Ukraine-Russian Conflict is being made to pick a side. Kudos to India for masterfully navigating both sides.
- croes 4y agoBy buying russian oil and indirectly supporting Russia.
- nerdawson 4y agoKeep in mind that the European gas crisis is because Russia are restricting supply, not because European countries aren't prepared to buy it. Are India behaving any differently to European countries in trying to secure energy?
- adventured 4y agoThe EU is voluntarily cutting off purchasing Russian oil - which is what the parent comment referred to - and has placed an embargo on Russian oil. The EU is taking enormous harm upon itself by what it's doing in regards to the Ukraine / Russia war. It could stay out of the Ukraine conflict, it could have the pipelines all operating normally, it could be enjoying dramatically lower energy bills. India is doing the exact opposite. They're intentionally avoiding harming themselves and are opportunistically buying cheap energy. Yes, they're behaving very differently. Which also doesn't mean it's not in India's self-interest to purchase cheap energy, given their economic context. One would be a fool to not grasp why they're doing it and that for their own well-being it may very well make sense; they're not part of Europe and they don't view themselves as being involved.
- addicted 4y agoOil is a global market. India buying Russian oil means they aren’t buying it from the broader market. If they didn’t buy Russian oil they would buy it from the broader market increasing overall oil prices and inflation in Europe. More importantly, India is buying oil at a heavily discounted price, which at current prices means Russia is likely selling at a loss. This is working so well that Europe is trying to emulate something similar with their price cap idea, which is functionally similar to what India is doing, except India’s discount probably means an even lower price for Russia and India has been doing this successfully for 200+ days while it’s not clear Europe’s price cap idea will ever get off the ground.
- renewiltord 4y agoWell, it's not indirect. It's quite direct. India has fossil fuel deals with Russia and gets most of its weapons from Russia. America armed wars against India in the past and continues to be the largest source of military aid for India's regional enemy Pakistan. Indian-American relations have become quite good in recent times but geopolitics isn't a schoolyard my side v your side thing. You just manage the amount to which people will align with one or the other on a specific issue.
- givemeethekeys 4y agoUntil the pipeline blew up, how many resources did the EU import from Russia compared to India?
- opportune 4y agoIndia’s GDP per capita is a bit over $2000. The EU GDP per capita is about $40k. I completely understand them buying energy from wherever it’s cheapest. Industrialization of India decreases real poverty, and an increase in prices would hit them hard. Asking them to stop buying fuel is like asking a homeless person for food. And doesn’t the EU continue to purchase Russian gas?
- _0w8t 4y agoEurope have been getting Russian oil, gas and other resources for trillions of USD for the last 20 years perfectly aware that the money was spent on corruption and military buildup. Moreover, Europe continues to do so even now. European companies even continued to send military equipment to Russia after the initial invasion in Ukraine in 2014. I do not say that it makes India somehow right. But the scale of wrongs by Europe is so big that any benefits India is trying to get are minuscule .
- srvmshr 4y agoUnfortunately diplomacy is a balancing act. India, I assume keeps a higher priority on making sure its poorest don't go under in this ongoing energy crisis. They have 1.4B mouths to feed & not exactly rich. Plus its not their fight, and if they don't want to join a security quorum against a third country, its their choice.
- addicted 4y agoI think this is mistaken. We have seen no Western governments strongly criticize India for these oil purchases. The only criticisms have been from media outlets and mild criticisms when government officials are questioned by the media. But even those mild criticisms are usually caveated with something to the effect that this is not gonna affect relations with India. The reason is simple. Western countries are privately thrilled with Indias arrangement. If India wasn’t buying Russian oil they would be buying it from the global market instead which would further push up oil prices and therefore inflation. Even better, India is doing it at a massive discount ($35/barrel, I believe) which at current prices effectively translates to Russia selling oil to India at a loss. Another interesting thing to note is that the $35/barrel discount India is getting, is functionally similar to the price cap idea that the European countries are trying to enact. In fact, I suspect it’s an even lower price than the cap they will settle on, and it remains to be seen if Europe can enact this price cap at all, something India has been doing successfully for the entirety of the war.
- fomine3 4y agoAgree for overall, but even if India bought oil for $35 discount, $88 (WTI) - $35 = $53, it seems to still profitable price. Also anyway there are fixed costs. So technically if everyone don't buy Russian oil, it's better for sanction but some people in developing country will die. https://timesofindia.indiatimes.com/business/international-business/u-s-says-russia-price-cap-should-take-risk-premium-out-of-oil-market/articleshow/94143124.cms https://timesofindia.indiatimes.com/business/international-b... This says $20 discount https://www.bbc.com/news/world-asia-india-60783874 https://www.bbc.com/news/world-asia-india-60783874
- addicted 4y ago$20 is also huge. Don’t forget that it’s also far more expensive for Russia to send oil to India. They don’t have oil pipelines to India. Their oil is being shipped to India, but their ports are all located on their Northern coast which means every round trip takes days and weeks longer than they used to when supplying the likes of Europe, which means they need more tankers to supply the same amount of oil to India than they would Europe.
- yrgulation 4y ago> India cares about what it's best interest for its own people. If that means buying oil from Russia so be it. So should we. Too often we help countries that then turn their backs on us because they “care about whats best for their people”. Arent we allowed to do the same? Why such a negative reaction when we even suggest the prospect of doing so.