In July, India surpassed India to become the largest buyer of Russian crude oil, and India stated that it would continue to buy cheap Russian crude oil.India refused to stop supplying ammunition to Ukraine at the request of Russia.Russia is imported from Russia's low -cost oil on the left hand, and the EU provides ammunition to Ukraine through the EU to understand the game of India.
1. In July, India surpassed India to become the largest buyer of Russian crude oil, and India stated that it would continue to buy cheap Russian crude oil.
On September 18th, BayStreet, Canada's online financial media, reported that Hardeep Singh Puri, a Minister of Petroleum Hardeep Singh Puri, said in an interview with the media at the Gastech meeting in Houston that India will not change its energy policyIt will purchase oil and natural gas at a low price and continue to buy cheaper Russian crude oil.
The world's third largest crude oil imported country India, 85%of its oil consumption, depends on imports, and its oil consumption has grown simultaneously with the rapid growth of Indian GDP and the expansion plan of refining plants.
For more than two years in Russia's invasion of Ukraine, India has become the main buyer of Russia's oilVaranasi Wealth Management. Because Western countries have imposed sanctions and embargo on Russia's crude oil exports, Russian oil is being forced to sell.
The cheaper Russian crude oil is quite attractive to the development of India, causing India to develop Russia into the largest single oil supply country.
Because the economic recovery is not as good as expected, domestic demand is sluggish, excess production, and the demand for crude oil has shrunk. Since this year, Indian refineers have reduced their procurement.In July 2024, India even surpassed India to become the largest buyer in Russia's crude oil.
According to data from the source of industrial and trade sources compiled by Reuters, 44% of the total amount of oil imported from India in July came from Russia. The import volume from Russia reached a record of 2.07 million barrels per day, an increase of 4.2% over June, and an increase over the same period last year.12%, a record high.
In July 2024, India imported 42.34 million tons, a decrease of 3.1%year -on -year.Among them, 7.458 million tons of crude oil imported from Russia, equivalent to 1.73 million barrels per day, decreased by 7.5%year -on -year, and the proportion of imports from the total amount of imports decreased from more than 20%at the highest peak last year to 17.6%.It is 13.4%less than Russian oil imported from India.
India imports Russia's oil and mainly relies on pipeline contract plans.In the past two years, India has snapped up a large part of Russia's spot shipping oil supply, but is now seeking to sign a long -term supply agreement.
A Ministry of PetroChina who knew the matter revealed in July that Indian state -owned refineers have begun to jointly discuss the clauses of Russia's potential agreement with Russia for long -term supply of Russia.Because the Indian economy is in a rapid growth cycle, the demand for oil needs "predictable and stable" oil supply.
The Indian Minister of Petroleum said that by 2028, India's refining capacity will increase by about one -fifth to reach 6.19 million barrels of crude oil processing capabilities per day.
2. India refuses to stop supplying ammunition to Ukraine at the request of Russia.
On September 19, Reuters reported that the reporter learned from insiders among India and European officials that since 2023, India has transported artillery and ammunition to Ukrainian forces through the EU to support Ukraine's combat capabilities.During the year twice, the requirements of Russia stopped these supply.
In July 2024, the Russian Foreign Minister Sergei Lavrov was put pressure on India to press his meeting with India's meeting in a meeting with Indian Foreign Minister Su Jesheng, asking India to stop through the EU countries to supply Indian ammunition to Ukraine, andPart of the ammunition provided to the Ukrainian army was produced by Indian state -owned enterprises.
Since then, Modi visited Moscow, and Putin also proposed the request to cut off the weapon and ammunition supply chain between New Delhi and Kiev.
However, the Indian government explained to the Russians that first, India did not directly provide ammunition to Ukraine; second, there were very few Indian ammunition in Ukraine, less than 1%of the total number of weapons received by Ukraine after the war began.
According to customs data disclosed by Reuters, India has exported shells to the European Union for more than a year.In particular, it is providing a 155mm high -explosive film bullet, 120 mm and 125mm ammunition, and a 120 and 125mm caliber mortar shells.
Although the sales clauses of Indian weapons are prohibited to transfer it to other countries, it is acquiesced to the Italy and the Czech Republic to turn Indian artillery shells to Ukraine.Indian manufacturers also export ammunition components to Spain and Slovenia, and national defense companies in the two countries have established a supply chain for Ukraine.
Third, the left hand is imported from Russia's low -cost oil, and the right hand provides ammunition to Ukraine through the EU to understand the way of India's game.
India's imported Russia's low -cost oil has been repeatedly accused by some Western countries.
However, India has always explained its market behavior with its adherence to neutrality.Indeed, oil exported to India is cheaper than any country.But the reason why India insists on this is not only there.
英国的一位经济学家在金融时报上发表的一篇经济分析文章认为，印度乐于进口俄罗斯石油，不仅因为需求快速增长和俄罗斯石油价格低廉，更重要的是印度进口俄罗斯石油，无需支付美元或International currencies such as the euro can pay some Diram and some Indian rupees in the UAE.This helps relieve the pressure of Indian international revenue and expenditure.
India chose to provide weapons to Ukraine, which is derived from India's independent diplomatic concept that India has always pursued.Although India and Russia have maintained long -term close military cooperation, they also try to achieve diplomatic balance through the development of relations with the United States and Europe.
Analyzing its deep reasons, in the current Russian -Ukraine conflict, India hopes to seek maximum benefits between the two major camps of the West and Russia.On the one hand, India needs to use the allies with Russia in the past decades.On the other hand, I also hope to use the opportunity of Ukraine conflict to develop new diplomats to enhance their international status.
India dares to fight against each other, but it is still in the clever balance.India has grasped the isolated situation that Russia has trapped due to conflicts.Due to international support, it is difficult for Russia to strengthen its great pressure on India's acts of providing weapons to Ukraine.Due to the huge pressure of oil exports, it had to meet India's requirements for reducing oil prices and accepting rupees.Jaipur Wealth Management
More importantly, through the supply of weapons of the European Union, India also enables India not only to develop its emerging weapon export sector, but also shows to Western partners that they do not stand on Russia during the war against Ukraine.Nagpur Stock
I have to admire Modi's two tricks.In the long run, this action in India will have a profound impact on the global geopolitical structure.It may not only reshape and stabilize India -Russian relations, but also further promote India to move closer to the Western camp, thereby exacerbating the wrestling between the United States and China and India.This will undoubtedly bring new uncertainty to the entire South Asian region and the world.
[Author: Xu Sanlang]
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