However, when the Russo-Ukrainian War broke out, the United States might feel that Russia was “threat” It is more dangerous than Iran and fears that the boycott of Russia will lead to a shortage of crude oil in the world market. “Energy Crisis” May result in world inflation soaring higher therefore sent a team to negotiate in Tehran and announced the lifting of sanctions against Iran last year.
Narendra Modi Prime Minister of India and Ibrahim Raizi President of Iran took the opportunity to attend the Shanghai Cooperation Organization Summit in mid-September 2022 in Uzbekistan. discuss the possibility India will return to import crude oil from Iran again.
Current news in the energy industry indicates that The negotiations went smoothly. The two countries reached an agreement on crude oil trade with each other. India also gets crude oil at a friendly price.
As of 2023, India has started to re-import significant increases in Iranian crude oil. and reduce crude oil imports from the US down to half of the original (While China also purchases crude oil at friendly prices from Iran through Malaysia and the UAE as well.)
If the US and the West squeeze Russia more economically It is expected to result in Iran It plays a role in becoming an important energy source for India again in the future.
Such events may reflect that International politics and economics are more complex than expected. And it may not be the way we perceive it through the media. It may also have far-reaching effects in many dimensions.
on the one hand United States And allied nations choose to use economic sanctions to hope “Draw a circle” Russia and Iran in the international economic arena In particular, limiting crude oil exports to reduce the income of “opposite”
current Russia and Iran Relying on revenue from energy exports for about 40% of the country’s total income, the United States wants to use economic factors to influence political factors.
In other words, the United States hopes to limit its main income from crude oil exports. It can reduce the role of Russia and Iran. in the world political arena as it has done successfully
But on the other hand, the United States and its allies I still don’t dare to walk in intense games. Complete ban on exports to both Russia and Iran.
also agree “Limit one eye.” Opportunity for India to buy crude oil from Russia and Iran both directly and indirectly (from the UAE) “double standard” knowing that Refined oil that Europe imports from India is sourced from Russia.
Karma therefore fell to a country in Europe. who have to bear the burden of buying refined oil from India at higher prices This is partly due to higher logistics costs from multiple transports and longer distances.
In addition, the attendance of representatives from important countries such as the United States, Saudi Arabia and the UAE at the energy conference in Bangalore. India in the early years It also reinforces the idea of the United States. and allied nations who want to support India to benefit from privatization and energy exports in the international economic arena.
Another thing that must not be forgotten is Russia-India energy deal and Iran-India Including Russia-China and Saudi-China at a friendly price with local currency, causing the United States to be hit “symbols used for figures” went a lot because it made the “Petrodollar” used for about half a century “visibly exhausted”
I would also like to invite readers. Follow the role of international cooperation groups. under the leadership of China Especially the BRICs and SCOs, in addition to the growing economy Also turned to use local currency other than the US dollar. in transactions between them increased as well
Consequences of the Russo-Ukrainian War leading to policy adjustments “Head East” of Russia, coupled with India’s close ties with many powers. Whether it is the United States, Europe and Russia, we may conclude that India has stepped up to play a greater role in the world energy arena. and benefited greatly from the economy both directly and indirectly
In addition to the short-term benefits India may step up to counterbalance China in the region. and may become The “new power pole” of the world in the long run…
#India #steals #money #RussoUkrainian #War
2023-04-23 04:30:00
