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.
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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 ...
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Globalization: The False Narrative and The Death Of Western Steel Industry
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Bilderberg: It's That Time Of Year Again
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The International Elite's Contempt For National Sovereignty
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Global Corporatocracy Set To Take Over The World
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How your government criminally wastes your efforts and your money
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Here's How Working Class Organisations Out Of Which the Labour Movement Grew Were Hijacked By Elitist Control Freaks.
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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
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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 ...


Aside provoking general outrage because of their indiscriminate nature and thus manipulating the public mood from opposition to the pointless death and destruction of large scale conflict to an almost bloodthirsty lust for revenge, chemical weapons are of little use strategically. The gas attacks in Syria were a part of a disinformation campaign aimed at demonizing Assad and his regime. Experience gained in WW1 from large scale use of chemical weapons showed them to be ineffective as offensive weapons.They’ve been used sporadically since then but were only deemed a necessary part of the military arsenal because 'the other side has them.'
Some people have described what took place in Syria as a crude attempt at using what were effectively swimming pool disinfecting chemicals to provide photo ops for the propaganda corps.
What hasn’t been widely reported in mainstream news is that there are a large number of biological laboratories in the Ukraine. The number reported as being under American control (26 if memory serves correctly) suggest it would be a good idea for them to be identified along with what they are working on. Ukraine is primarily an agricultural country so there could be all sorts of pathogens lurking quite legitimately in a lab that if released in an uncontrolled way could cause problems. But then, like Poland’s ‘secret CIA black site’, there’s always the possibility that something tucked away in an obscure part of a large country that nobody visits is up to something dodgy. Governments aren’t very trustworthy.
I recall that there was considerable controversy at the time over the allegations that Assad (not Putin) had 'used chemical weapons against his own people' with scepticism being fuelled by news video of rescue workers dressed in T shirts, shorts and sandals (not a haz - mat suit insight) wandering among the wreckage tending the surprisingly healthy looking alleged victims of the alleged gas attack.
Initial reports from the Organisation for Prevention Of Chemical Weapons (OPCW) seemed to support the official line that the Assad government was responsible for that attack, the weapons used having originated in Russia. This was debunked by a Wikileaks report which by revealing before and after versions of the report showed that the evidence and conclusions in the original had been heavily amended to bring the report into line with the US / NATO version of events which had been intended to provide justification for direct military action by US / NATO forces in Syria.
https://wikileaks.org/opcw-douma/
So Ed Miliband should not feel shame, he made the intelligent choice of turning away from nuclear war.Tom Harris however, should wear sackcloth for evermore for penning this idiotic driven if nothing else. Should The Pentagon succeed in dragging UK and Europe into a war with Russia it will become a nuclear war. And it's not a question of takings sides or of 'teaching that nasty bully Putin a lesson,' get real. If you still think war with Russia would be a good idea keep repeating over and over to yourself that cold war phrase, "MUTUALLY ASSURED DESTRUCTION" because that is what the people who support war are cheerleading for.
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British Government Laundered Fake U.S. 'Intelligence' On Ukraine
The British government on Saturday accused Russia of organizing a plot to install a pro-Moscow government in Ukraine, as the Kremlin masses troops near the Ukrainian border. The U.K. Foreign, Commonwealth and Development Office gave relatively little information about the intelligence unveiled Saturday other than to say that the Russian government was considering trying to make a Russia-leaning former member of Ukraine’s parliament, Yevhen Murayev, the country’s new leader. Continue reading >>>
British Government Laundered Fake U.S. 'Intelligence' On Ukraine
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One Of The Weaker NATO Members Goes Off Message To Prevent War With Russia
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Storm Clouds Gathering Over Ukraine - Or Just The Usual Geopolitical Games
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