The game will be on oil again India and Russia exchange crude oil for a lot of money. By passing Iraq, Russia has become India’s biggest oil supplier. India buys cheap crude oil from Russia without much thought, but this is not something that European countries like. This is what the European Union wants India to do.
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Since last year, India has been buying a lot of crude oil from Russia. This is talked about a lot in Europe, especially in the countries that are part of the European Union. The game will be on oil again During the Ukraine war, India, which is a member of the European Union, is buying oil from Russia and then selling products made from that oil to Europe.
The game will be on oil again: Jaishankar gave a befitting reply
This is not fair. But German Chancellor Olaf Scholz has come out in support of India and told the countries around India to look at themselves when it comes to this problem.
Why does India still buy crude oil from Russia even though it is not allowed? In response to the European Union’s (EU) attempts to stop Russia and India from trading crude oil, India’s Foreign Minister Jaishankar said that the EU has stopped talking, which was a good answer.
The Russia-Ukraine war was a major turning point in world affairs
Each country must look out for its own best interests. When the war between Russia and Ukraine began, it was a big problem for India’s economy. The game will be on oil again Since that fight, 400 days have gone by, which is more than a year. That was a very bad time.
India’s economy is still based on oil, and most of the oil we use comes from other places. India had a hard time when the United States and its partners put sanctions on Russia. The game will be on oil again At that time, as part of its independent foreign policy, India bought crude oil from Russia on its own.
By making a statement, Indian Foreign Minister S. Jaishankar has stopped talking about the EU. Josep Borrell, the EU’s top foreign policy official, said that something should be done about Indian factories that process crude oil from Russia and sell it to Europe. The game will be on oil again In his own way, Jaishankar informed the EU of the rules and put an end to Borrell’s talk.
Now, the technical trouble is that India has bought crude oil and is selling it to European countries after it has been refined. The game will be on oil again India has a lot of factories, and India, China, and the United States all bought oil from Russia. The game will be on oil again India’s biggest problem is that European countries are telling India that it shouldn’t do this.
The rules and laws that Jaishankar told the European Union are that he reminded Borrell of the rules of the EU Council, especially the 833/2014. The game will be on oil again Under this rule, it is clear that the crude oil from Russia will not be called Russian oil if it is refined in a third country.
In fact, Borrell told the Financial Times in an interview that the EU knows that Indian companies buy a lot of crude oil from Russia. The game will be on oil again Then it would be processed and sold to Europe. EU needs to do something strong about it. After this, Jaishankar has answered the EU in a way that makes sense.
before meeting, showed mirror
Borrell had said, “It is definitely a violation of sanctions if diesel or petrol comes into Europe from India and was made using Russian oil.” Each of Borrell’s claims was shot down by Jaishankar. During a news conference, he said, “I don’t see where your question comes from.” Because, as I understand the Council’s rules, if Russian crude oil is sent to a third country or changed there, it will no longer be called Russian oil.
Global politics no longer Europe-centric
The head of foreign affairs for the European Union, Joseph Borrell, is actually putting pressure on India. In reality, he is going after Russia. In fact, the Ukraine war is very expensive for both of them. Whether in Russia or the west. The West can see that Russia is not going to give up, and it will be said that India has helped to strengthen Russia for now because it bought a lot of oil from Russia to get around the sanctions.
Aside from this, the EU is upset that India sells it to Europe again after improving it. Europe can no longer get the oil it was interested in. Borrell was so angry about this that he said some crazy things and then didn’t even show up to the press meeting. It’s a way to put pressure on someone. Germany started the conversation about whether or not India’s position is valid.
Germany has said that Europe can’t formally bind India, but it can ask for that to happen. Germany has also said that it will accept what India decides. Olaf Scholz, the chancellor of Germany, said something very careful and reached out to India in a friendly way.
Gulf countries began to feel the effects
Since the war in Ukraine, Russia and India share a lot more crude oil with each other. Where India is getting cheap oil from Russia. It has also hurt the countries in the Gulf. Saudi Arabia has also had to change the prices it charges for oil.
Because countries like India buy oil from Saudi Arabia and Iraq. Arab countries are also talking about giving up land because they are losing it. This is what OPEC countries used to do ‘at will’ in the past. But while the war is going on, countries like India and China are getting crude oil from Russia. This is the opposite of what is happening in the Gulf countries.
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No longer able to avoid India
It is clear that India can’t be forgotten in world politics. India is in charge of both the G20 and the SCO right now. The game will be on oil again Right now, there will also be a meeting in Kashmir that has to do with the G20. The game will be on oil again India came out on top, no matter how hard people tried to push it down. The game will be on oil again Joe Biden, the vice president of the United States, won’t go to Australia for the Quad meeting, but he will meet other leaders, including the leaders of India, at the G7 meeting.
India’s voice is important in world politics right now. The rest of the world knows that India is not a threat, that it can be trusted, and that its economy is growing very quickly. The game will be on oil again From the point of view of the whole world, decisions can’t be made or carried out if India is turned down right now.
Whether it’s the Quad, the G7, or the G20, or any other new group, the countries of the world know that India has come on the world stage because of its democratic strength, its internal situation, and its economic growth. Is.
America is now getting weaker, and to fight China, it is also looking to India. The rest of the world is starting to realise that America can’t get ahead if it only talks to China, except for Australia. The game will be on oil again The world is quickly becoming more than one centre, and if countries don’t respect each other, Chinese empire won’t be able to hold its own.
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