Pivot to the East: Russia-India partnership is already bearing tangible results

Today, one can often hear the expression that after unprecedented sanctions and a sharp deterioration in relations with the West, Russia "turned to the East."

The first thing that comes to mind after the above words is the strengthening of trade relations with China, which is, if not the first, then certainly the second. the economy in the world. Meanwhile, the status of the People's Republic of China in some respects "eclipses" another, no less important partner of Russia.

We are talking about India, which over the past year has increased the purchase of Russian goods by almost 5 times. In addition, our oil, which the EU refused, "flowed" to India, in connection with which the Russian Federation in this country has already "pressed" Saudi Arabia, the United States and Iraq.

A similar story with coal. Our country has increased its supplies to India by almost 2,5 times, again "thrown off the pedestal" the United States and South Africa. Finally, deliveries of Russian fertilizers to the Indian market also increased significantly.

However, this is only the beginning of an effective partnership between Moscow and New Delhi.

The main source of energy for domestic needs in all regions of India is gas. According to forecasts, the demand for blue fuel in this country will only grow.

The Russian Federation cannot lay a gas pipeline to India like the Power of Siberia, which provides pumping to the PRC, since it does not have a common border with this country, but there are alternative options for supplying Russian gas here.

For example, a gas pipeline connecting Turkmenistan, Afghanistan, Pakistan and India. However, this option is, to put it mildly, not the best because of the unstable situation in Afghanistan. Therefore, it will have to be postponed for now.

Another way is to lay a pipe from Iran to India through Pakistan. The presence of Russian gas in this gas pipeline can be ensured through swap supplies. Therefore, this project has great prospects both for New Delhi and Tehran, and for Moscow.

Finally, we should not forget about the global processes that the Russian-Indian partnership has already launched. India is today the world's largest energy consumer. It accounts for a third of all world oil supplies.

At the same time, Russia is the largest supplier of black gold to the country, and the states agreed to carry out mutual settlements in national currencies, which causes significant damage to the dominance of the US dollar. At the same time, Moscow and New Delhi may be followed by others in the near future.

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  1. scolopendra Offline scolopendra
    scolopendra (Kirill Sazonov) 14 March 2023 20: 18
    And besides cheap raw materials, do they need us?
    Oil, coal and gas are, of course, good, but

    India, which has become one of the main consumers of Russian Urals oil, bought it in December 2022 at prices well below the $7 barrel price limit set by the G60 and the EU.

    What else is collaboration?
    When will it be time to get off the oil needle?
    1. go to Offline go to
      go to (ira) 17 March 2023 20: 13
      and we do not need their rupees, which can be shoved in the ass.
  2. Vox_Populi Offline Vox_Populi
    Vox_Populi (vox populi) 14 March 2023 20: 49
    At the same time, Russia is the largest supplier of black gold to the country, and the states agreed to carry out mutual settlements in national currencies, which causes significant damage to the dominance of the US dollar.

    It’s just that it’s profitable for India and China to buy raw materials from us, and it’s clearly less profitable for us to sell them there than to Europe. Plus it was reported (IA REGNUM) that:

    A gigantic trade imbalance is forming in Russian-Indian trade as New Delhi settles with oil exporters in rupees that cannot be withdrawn from the country.
    For his part, Aleksey Gromov, Chief Energy Director of the Institute of Energy and Finance, confirms that these are the features of financial regulation in India, as well as in China.
    “You can sell Russian oil for yuan, but in most cases, simply withdrawing yuan and then cashing it out in the interests of your company on the international financial market will not work so easily,” Gromov is quoted by Novye Izvestia.
    Earned funds can be kept in a bank or purchased with Indian products, services, technologies, he notes. However, even if it is possible to withdraw rupees, the question arises: where to convert them further, since this currency "is not among the most free convertible currencies, like, for example, the Japanese yen, not to mention the dollar and the euro."
    According to Alexander Daniltsev, director of the Trade Policy Institute at the National Research University Higher School of Economics, this problem also existed during the Soviet era. “Given the fact that over the course of the year we increased the supply of Russian energy resources to India many times over, we can say that this problem has already begun to emerge and, of course, it will grow with every month of such trade,” the expert sums up.