Australian Politics Forum - Europe buying Russian oil via India at record rate

Laugh till you cry

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Europe buying Russian oil via India at record rate
Sep 12^th, 2024 at 2:04pm

India is buying Russian oil, adding a price markup and selling it to EU nations like Germany at a healthy profit.

"The EU’s imports of refined oil imports from India grew to record levels in 2023 at the same time as New Delhi’s imports of Russian crude oil more than doubled year on year."

This process also encourages India's trade with Russia in Roubles and Rupees which is not visible or reported to the US.

US is losing visibility of world trade because of its sanctions. It cannot determine the values of trade between countries that are sanctioned and their trading partners unless the trading partners of the sanctioned countries voluntarily provide the information.

Sanctions will eventually strangle US trade and strangle the US dollar.

https://www.independent.co.uk/news/world/europe/russia-oil-europe-india-ukraine-...

Quote:

Europe buying Russian oil via India at record rates in 2023 despite Ukraine war
India is benefiting from importing cut-price Russian oil amid European sanctions – and also selling that same oil to EU markets at full price once it has been refined

Shweta Sharma
Friday 12 January 2024 12:31 GMT

The EU’s imports of refined oil imports from India grew to record levels in 2023 at the same time as New Delhi’s imports of Russian crude oil more than doubled year on year.

It means consumers in Europe likely received unprecedented volumes of petrol, diesel, kerosene and other oil products that originate from Russia via India last year, in spite of the sanctions imposed after Vladimir Putin’s invasion of Ukraine.

India has made no secret of its willingness to buy Russian oil in spite of the Ukraine war, maintaining good ties with Moscow while it has also courted closer defence and trade partnerships with Western nations.

India became the world’s leading importer of Russian crude oil last year, according to Kpler market data analysed by The Independent, importing an average 1.75 million barrels per day at a 140 per cent increase on 2022.

At the same time, the European Union’s import of refined products from India soared by 115 per cent, from 111,000 barrels per day in 2022 to 231,800 barrels per day in 2023, the highest figures in the past seven years analysed by Kpler and most likely the highest ever.

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Bobby. Gold Member Online Australian Politics Posts: 101375 Melbourne Gender:	Re: Europe buying Russian oil via India at record rate Reply #1 - Sep 12^th, 2024 at 3:06pm The Indians are traitors to global democracy and the sanctions are a farce. Why aren't sanctions put on India for buying and selling Russian oil?
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tallowood

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Re: Europe buying Russian oil via India at record rate
Reply #2 - Sep 12^th, 2024 at 5:38pm

Bobby. wrote on Sep 12^th, 2024 at 3:06pm:

The Indians are traitors to global democracy and the sanctions are a farce.
Why aren't sanctions put on India for buying and selling Russian oil?

So called "Western" countries are traitors to global democracy and sanctions are a farce.

Quote:

Western firms bought hundreds of millions of dollars of titanium metal from a Russian company with deep ties to the country’s defense industry after the 2022 invasion of Ukraine, according to a review of Russian export data.

https://www.washingtonpost.com/world/2024/03/21/russia-titanium-exports-sanctions/

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Frank

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Re: Europe buying Russian oil via India at record rate
Reply #3 - Sep 12^th, 2024 at 5:52pm

Laugh till you cry wrote on Sep 12^th, 2024 at 2:04pm:

India is buying Russian oil, adding a price markup and selling it to EU nations like Germany at a healthy profit.

"The EU’s imports of refined oil imports from India grew to record levels in 2023 at the same time as New Delhi’s imports of Russian crude oil more than doubled year on year."

This process also encourages India's trade with Russia in Roubles and Rupees which is not visible or reported to the US.

US is losing visibility of world trade because of its sanctions. It cannot determine the values of trade between countries that are sanctioned and their trading partners unless the trading partners of the sanctioned countries voluntarily provide the information.

Sanctions will eventually strangle US trade and strangle the US dollar.

https://www.independent.co.uk/news/world/europe/russia-oil-europe-india-ukraine-...

Quote:

Europe buying Russian oil via India at record rates in 2023 despite Ukraine war
India is benefiting from importing cut-price Russian oil amid European sanctions – and also selling that same oil to EU markets at full price once it has been refined

Shweta Sharma
Friday 12 January 2024 12:31 GMT

The EU’s imports of refined oil imports from India grew to record levels in 2023 at the same time as New Delhi’s imports of Russian crude oil more than doubled year on year.

It means consumers in Europe likely received unprecedented volumes of petrol, diesel, kerosene and other oil products that originate from Russia via India last year, in spite of the sanctions imposed after Vladimir Putin’s invasion of Ukraine.

India has made no secret of its willingness to buy Russian oil in spite of the Ukraine war, maintaining good ties with Moscow while it has also courted closer defence and trade partnerships with Western nations.

India became the world’s leading importer of Russian crude oil last year, according to Kpler market data analysed by The Independent, importing an average 1.75 million barrels per day at a 140 per cent increase on 2022.

At the same time, the European Union’s import of refined products from India soared by 115 per cent, from 111,000 barrels per day in 2022 to 231,800 barrels per day in 2023, the highest figures in the past seven years analysed by Kpler and most likely the highest ever.

The EU is the reincarnation of Soviet bureaucracy, dressed up in hypocritical and arrogant Franco-German finery.

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Laugh till you cry

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Re: Europe buying Russian oil via India at record rate
Reply #4 - Sep 12^th, 2024 at 5:55pm

Bobby. wrote on Sep 12^th, 2024 at 3:06pm:

The Indians are traitors to global democracy and the sanctions are a farce.

Why aren't sanctions put on India for buying and selling Russian oil?

1. Germany and other countries need Russian oil to keep oil prices under control.

2. India needs money.

3. America needs India as a counter to China.

4. America doesn't want upward pressure on oil prices for domestic political reasons.

Eventually, all American sanctions will hit the America economy whether by increased prices or by flight from the US Dollar.

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Bobby.

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Re: Europe buying Russian oil via India at record rate
Reply #5 - Sep 12^th, 2024 at 7:45pm

Laugh till you cry wrote on Sep 12^th, 2024 at 5:55pm:

Bobby. wrote on Sep 12^th, 2024 at 3:06pm:

The Indians are traitors to global democracy and the sanctions are a farce.

Why aren't sanctions put on India for buying and selling Russian oil?

1. Germany and other countries need Russian oil to keep oil prices under control.

2. India needs money.

3. America needs India as a counter to China.

4. America doesn't want upward pressure on oil prices for domestic political reasons.

Eventually, all American sanctions will hit the America economy whether by increased prices or by flight from the US Dollar.

But it is financing the war in Ukraine -
perhaps 1 million people have died - both Russians and Ukrainians.
It's blood oil.

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Laugh till you cry

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Re: Europe buying Russian oil via India at record rate
Reply #6 - Sep 12^th, 2024 at 10:18pm

Bobby. wrote on Sep 12^th, 2024 at 7:45pm:

Laugh till you cry wrote on Sep 12^th, 2024 at 5:55pm:

Bobby. wrote on Sep 12^th, 2024 at 3:06pm:

The Indians are traitors to global democracy and the sanctions are a farce.

Why aren't sanctions put on India for buying and selling Russian oil?

1. Germany and other countries need Russian oil to keep oil prices under control.

2. India needs money.

3. America needs India as a counter to China.

4. America doesn't want upward pressure on oil prices for domestic political reasons.

Eventually, all American sanctions will hit the America economy whether by increased prices or by flight from the US Dollar.

But it is financing the war in Ukraine -
perhaps 1 million people have died - both Russians and Ukrainians.
It's blood oil.

It is OK Bobby. Uncle Sam profits from death.

That is why violent death is so prevalent in the US unipolar world.

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Please don't thank me. Effusive fawning and obeisance of disciples, mendicants, and foot-kissers embarrass me.

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