Tuesday, March 15, 2022

India offers Putin a helping hand by considering Moscow's offer to buy crude oil at a reduced rate to beat Western sanctions

 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.  

India, which imports 80 per cent of its oil needs, usually buys only about 1 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 rising energy bill.

'Russia is offering oil and other commodities at a heavy discount. We will be happy to take that,' an Indian government official said, declining to elaborate on how much oil was on offer and what the discount was. 

The official added that such trade required preparatory work including transportation, insurance cover and getting the right blend of crude, but once that was done India would take Russia up on its offer. 

Iraq was the top crude oil supplier to India in 2021, accounting for 25 per cent of the country's total crude imports.

Saudi Arabia (16 per cent), the UAE (11 per cent), Nigeria (8 per cent) and the US (7 per cent) were other key suppliers. 

The latest in a line of countries queueing up behind China to offer Vladimir Putin's Russia a helping hand in facing down western sanctions is India. The people who govern the world's second largest population offered a sanctions sanction-busting lifeline as the Russia's war in Ukraine enters its third week. The Indian offer came after China lifted wheat import restrictions. 

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. Both governments are walking a diplomatic tightrope in order to preserve their vital trade links with Russia which is now facing serious economic woes after being targeted by sanctions.  

Meanwhile the UK will send India - a country with its nuclear arsenal and its own space programme - £55.3million in aid in 2021/22, up from £41.5million in 2020/21.  

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 - Picture: Daily Mail

American officials have tried to persuade India to distance itself from Russia in recent weeks, while recognising its heavy reliance on Moscow for everything from grain and raw materials for manufacturing to fuel and fighter jets.

An Indian government spokesman said West understood India's position from a stte security point oif view, given that it needs to maintain good relations with Russia amid simmering territorial disputes with China. Reuters reported this week that India's central bank is trying to set up a rupee-rouble mechanism with Russia to by - pass the American controlled SWIFT system  from which Russia is now barreed and thus continue bilateral trade. 

Russia has urged friendly nations to maintain trade and investment ties.

Apart from oil, India is also looking for cheaper fertiliser from Russia and its ally Belarus, according to one of the officials. It is likely Russia will be eager to cooperate in order to offset in part the loss of revenue from its retaliatory ban on the export of chemical fertilisers to the west which is bound to cause food shortages and soaring prices in the countries that imposed sanctions on Russia.

Indian officials justified their action by sayingthey could not suddenly replace Russia with other suppliers, particularly in the defence sector. India's dependence on Russia for its military hardware still runs as high as 60 per cent, despite a significant reduction over the last decade.

US officials have declined to say if India would be sanctioned should Russia send S-400 missile systems as part of a $5.5 billion deal signed in 2018 for five of them.




Soros Is Responsible for Europe's Immigration Crisis Says Hungary's Viktor Orban
With Britain's Conservative Government pressing ahead with a 'hard Brexit agenda, and the Trump administration setting abou demolishing the expressway to socialism Barac Obama had spent eight years contruction, there is a lot of speculation and precious little hard evidence to indicate where the globalist elite, having seen their ambition for a world government thwarted will go next.

Post Trump and Brexit, Predicting The Globalists Next Move
Hungary's Prime Minister Viktor Orbán has made the American billionaire and philanthropist George Soros for the current refugee movements in Europe with responsibility. "This invasion (of migrants) on the one hand steered from the tractor business, on the other hand of those (human) activists who support everything that the nation-states weakens,

Goodbye Freedom, Hello Global Governance.
If at any time during the chaos the past eighteen months you have wondered what kind of idiots are running the world and have gleefully trashed economies, disrupted social and commercial life and stripped citizens of their rights and liberties only to bring us, in late October 2021, right back to where we were in late February 2020 when the words pandemic and COVID crept into our consciousness ...

We need a referendum on net zero to save Britain from the green blob

from The Daily Telegraph
As with membership of the EU, the political elite is imposing a revolution on the public without consent. Does the blob never learn? Voters don’t like being treated like naughty children

More Mega-Banks Join The Anti-Dollar Alliance
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Globalization: The False Narrative and The Death Of Western Steel Industry
In popular perception, the downfall of the steel industry in Britain, Europe and the USA symbolizes the decline of manufacturing industry in the developed world more clearly than any other of the past half century's economic trends. Over the past few months in Britain two of the last remainings blast furnace steel manufacturing plant, Redcar in North East England and Port Talbot in South Wales have been in the news, both were threatened with closure, in both cases that would have had dire consequences for the local economies. Similar stories have been played out in Germany, France, Sweden, Italy and, most drastically in the USA where the area dubbed 'the rust belt ...

If You Look At How Fast Global Trade Is Unravelling, You'll Get Dizzy
Governments constantly make positive noises about the health of their economies although most people who are in work have felt no improvement on the position they were in after the crash of 2008. Wagest are stangnant, employment has reduced somewhat (see below) and while the banks are printing money and the super rich are widening the gap between themselves and ordinary people faster than ever, the real situation is frightening.

Bilderberg: It's That Time Of Year Again
Every year, the world's richest and most powerful business executives, bankers, media heads and politicians sit down in some luxurious and heavily guarded venue, and discuss how to steer the global economy in a way that maximizes profits for all involved, while perpetuating a status quo that has been highly beneficial for a select few, even if it means the ongoing destruction of ...

News From Davos: America Is Finished Global Governance And NWO To Rule
The World Economic Forum held their annual conference at the exclusive Alpine resort of Davos-Klosters this week. Two thousand five hundred politicians, celebrities, and business leaders from all over the world gather every year for this “Bilderberg style” meeting [ ... ] One of the most significant discussions held at this year's Davos powerfest concerned the growing hostility between citizens and the power elites. "If [the] growing disconnect between governments and citizens is not fixed rapidly, there can be no legitimate, accountable and trusted global cooperation, problem solving or governance." - WEF Everybody’s Business Report

The International Elite's Contempt For National Sovereignty
One of our themes in The Daily Stirrer has been the new elise and their push for global government. Here in a cross post with Philo and Sophia we look at the political philosophy behind multiculturalism global view thinking and the push to abolish national sovereignty and hand power to supranational bureaucrats.

CEO Of World's Leading Shipping Company Delivers Downbeat Assessment Of Global Economy
While governments and mainstream media news continue to peddle a rosy picture of economic prospects, achieved by statistical jiggery pokery, money printing and they good old fashioned political ploy of telling blatant lies, the real economic indicators tell us this economic view is an illusion. Every month governments tell us the unemployment figure is down but do not tell us how many people have been eliminated from the figure

New World Order Stopped? Russia Bans Soros Foundation "A Threat To National Security And Constitutional Order" BOGGART ABROAD 30-Nov-2015: In a statement released on Monday, The Russian Prosecutor General's Office announced the activities of the Open Society Institute and the Open Society Institute Assistance Foundation, both fronts for the gloabalisation and global government promoting Open Society, a political activist group founded and backed by billionaire George Soros, were a threat to the foundations of Russia’s Constitutional order and national security ...

How Mainstream Media And The Major Political Parties Are Making Sure Voters Do not Hear The Voices Of Politics' Most Powerful Critics
As the General Election campaign starts to heat up, we try to shift focus away from the squabbling between Conservative and Labour about who can make the most promises they have no intention of keeping and to the real issues concerning jobs, social breakdown , mass immigration, and loss of national sovereignty.

US Presidents Of The Past warned Against Secret, Shadow Government. By now it should be obvious that peacemaker, joybringer and putative aquatic pedestrian Barack Hussein Obama was never really in charge of the US Government. Whatever Obama said would happen, all the American government's policies ensured the opposit would happen. The embedded article thows some light on how the US government really works

France’s President Hollande Says 'Non' To Obama’s Demand for Corporate Global Oligarchy
The embttled French President has become the first national leader to state categorically his country will not sign the Trans Atlantic Trade and Investment Partnership being pushed by the USA's Obama Administration. Hollande's government is already the most unporular France has ever had and the President know to give away French sovereignty to US Corporate businesses would be political suicide.

Global Corporatocracy Set To Take Over The World
Aldous Huxley's Brave New World, Orwell's '1984' Philip K Dick's Minority Report, which of these do the New World Order plan to use as the model for their corporate - scientific dictatorship? The answer is all of them. Concepts like individual freedom and democracy are anathema to our new unhappy lords and once the infrastructure is in place these inconveniences will be swept aside along with nations, traditional cultures and everything else that binds us to our fellow humans.

How your government criminally wastes your efforts and your money
The invasion of Iraq was done on the basis of government fraud about "Weapons of Mass Destruction" they knew did not exist. They killed over one million Iraqis. Whether its manslaughter or murder, its still a crime. That's why Bilderberger Foreign Secretary William Hague is so desperate to silence the chief prosecution witness, Julian Assange, whose Wikileaks website has published the documentation that convicts ...

Here's How Working Class Organisations Out Of Which the Labour Movement Grew Were Hijacked By Elitist Control Freaks.
A while ago I posted an article on the new elite, the meritocracy they like to call themselves although they are of no more merit than the old aristocracy whose role they have tried to usurp. The the aristocrats they thing they are a higher order of being than the masses. The evidence (and these science fans love evidence) suggests otherwise

European Commission puts business profits before the needs of the world’s poorest.
While the left try to win elections by creaming 'racist' and 'bigot' at anyone who disagrees with their pro - EU, pro - globalisation, immigrant - loving, gay - loving, paedophile loving authoritarian agenda, thus pissing off the social class who make up the Labour Party's core vote, the thinkers amongs us are seeing the European Federalisation, Agenda 21, Global Government project for what it ius ... Adolf Hitler's dream come to fruition

Prepare For The Worst Case Scenario
An article on the cashless society our political and corporate overlords are pushing for proposes that as far as privacy and individual liberty are concerned, what is being planned right now in the political capitals and financial centres of the world is the worst case scenarion. An all digital financial system would mean the end of privacy, nothing you bought or traded would be your own business any more ...

Anti Poverty activists expose Bill Gates' Fake Philanthropy
We have been critics of Microsoft billionaire Bill Gates for many years, first for his company's 'not-fit-for-purpose' computer operating systems and sleazy, unethical business practices and more recently for his deceptive, self interested philanthropic efforts. Let's face it the man is a schnorrer and a fascist collaborator to boot

Is The World Turning Against The New World Order Elitists
The decision to resist threats and pressure from the USA and join the Chinese initiated Asian Infrastructure Investment Bank (AIIB) was led by the UK, usually the USA's principal ally, and was quickly followed by France, Germany, Italy, Switzerland and other EU members. France and Germany made their own stand, and in rejecting the Washington attempt to start a war in the Ukraine by by-passing the US and directly negotiating the Minsk Peace accords with Russia ...

How Tesla Bought Russian Aluminum To Make Body Shells For Model Y

 Leaked documents obrained by CNBC news show Tesla Cars bought millions of euros worth of aluminum from Russian aluminium company Rusal, the second-largest aluminum supplier in the world .

Several current and former employees of Tesla provided CNBC with invoices of the purchases, though they wanted to remain anonymous, citing fear of retribution. They said the electric vehicle maker purchased millions of euros worth of Russian aluminum to make body shells for the production trials of the Model Y at its new manufacturing facility in Brandenburg, Germany. No details were provided in the documents that suggested Rusal aluminum was shipped to the US.

This confirms the Boggart Bloggrs were right once again when we said Russia would have no problem finding ways to circumvent western sanctions. All multi national corporations have well established networks of shell companies set up in tax havens, through which goods and money can be moved around while the point of origin and final destination remain obscured. 

Follow The Money - How Russia Will Overcome The West's Economic War

The USA and the rest of NATO have sanctioned Russian tycoon and Rusal founder Oleg Deripaska. The billionaire is reportedly a close associate of Russian President Vladimir Putin and has called for peace in Ukraine.  Deripaska also said recently, "the whole world will be different after these events, and Russia will be different."

Rusal is not Tesla's main aluminum supplier and the leaked invoices didn't provide information on how much aluminum Tesla obtained from Rusal. What the documents show however is that a German subsidiary of Tesla paid the Swiss subsidiary of Rusal through an Austrian bank for the metal. 

Tesla began sourcing aluminum from Rusal for casting car parts in December 2020 and continued purchases through February 2022. 

There's no word if Tesla has run into sourcing issues which caused it to turn to Rusal for aluminum but Elon Musk made it clear last weekend that "Tesla & SpaceX are seeing significant recent inflation pressure in raw materials & logistics."




E U Central Bank Digital Currency Is The Death Rattle Of A Failed Experiment

The announcement from the European Central Bank (ECB) that is is to intrduce an official European Union digital currency spells the end of the European Single Currency experiment and with it the ambition of "ever closer union until the EU's member states were merged into a single political entity Digital Currencies might not quite be Ponzi schemes but on appearances the difference can be compared to that between a horse and a pony.

Negative Interest Rates - Final Nail In The Coffin Of Neoliberalism? Negative interest rates, in plain terms a situation in which we pay bankers for holding our money, are the latest ruse of politicians and economists to make uis start spending our investments and savings, thus kickstarting the global economy thy have screwed up.

The age of financial privacy is over
Yes you read that right. The fascist regime in the USA has usurped to itself the right to raid bank accoutns anywhere is the world. At the moment they are only stealing money by way of tax demands from people who were born on US soil even if those people have not lived in the USA since childhood and have never be employed by a US business.

Inland Revenue a Dysfunctional department that ‘can’t be trusted’ with power to raid bank accounts
Plans to let the taxman take cash out of people’s bank accounts without their permission were condemned by MPs after Rebecca Benneyworth, of the Institute of Chartered Accountants, warned the department is ‘shooting itself in the foot.’ She told the ICAEW conference : ‘Public trust in HMRC would be eroded very quickly if cases come to light where funds have been incorrectly removed. ‘HMRC cannot afford to have public opinion turn against the tax system and those charged with administering it.’Accountants have warned HMRC cannot be trusted ...

Taxes Will Rise If Government Do Not Raid Bank Accounts Taxes will have to rise unless officials are given new powers to raid people’s bank accounts, David Cameron has said.

The Treasury select committee warned that allowing HM Revenue and Customs to remove cash from bank accounts without court orders is “very concerning” because of its history of mistakes.
The committee said that taxpayers could suffer “serious detriment” if officials are able, either by mistake or through an “abuse” of power, to take money from people who have done no wrong.

Magic Money - How The Fractional Reserve Banking System Conjures Money From Fresh Air:
A look at how the fractional reserve banking system works and how it brought the global economy and many people's personal finances close to collapse. It's really all about pulling magic money out of fresh air.

Investors Ignore Triple Dip Regession As Stock Market Hits Four Year High
News that the British economy was staring an unprecedented triple dip recession in the face left investors unperturbed yesterday as shares on Britain's leading index hit their highest point in since the crash four-and-a-half years ago.