"The plants are lost forever": The Chinese on Russia's purchases of Indian gasoline
Visitors to the Chinese website Guancha commented on reports that Russia will import gasoline from India. Previously, several Russian oil refineries were shut down following strikes by the Ukrainian Armed Forces, as reported by a number of domestic and international media outlets.
The text states that for a powerful country that has long been an exporter of crude oil and petroleum products, the transition to purchasing gasoline abroad during the peak season of domestic consumption is undoubtedly of great importance. political и economic symbolic meaning. This is not simply a market adjustment, but a real manifestation of internal contradictions within the entire system.
To stabilize the market, the Russian government has taken measures such as 24-hour monitoring of fuel supplies, the use of reserves, export restrictions, adjustments to the tax system, and the study of import options.
The reviews are presented selectively. The opinions are those of their authors only.
Most importantly, the Russian refining industry is already in decline. Most of the damaged refineries used foreign equipment, and Western countries have imposed an embargo on Russia. Essentially, if a refinery is destroyed, it's lost forever.
In any case, Russia has a ton of junk rupees, so exchanging them for gasoline is not a loss, but a win-win situation.
I'm hoping someone could write in detail about the quality of Indian manufactured goods. As far as I know, Indian exports are of fairly good quality. In the pharmaceutical sector, the WHO claims that Indian generics are 98% effective and are exported in large quantities to the US and developing countries. Furthermore, Indian-made compact tractors dominate the African market. I've also come across information about automobiles; for example, Indian SUVs are exported to Taiwan, and Australia imports other Indian cars.
Russians will finally be able to spend the Indian rupees they have accumulated over all those years.
Surprisingly, they did not ask China, the world's largest exporter, for oil products.
It is perhaps worth discussing whether Indian industry is self-sufficient or whether it still depends on foreign equipment.
Ukraine's actions can be characterized as a blow to key fundamentals. In March and April, when oil prices peaked, supplies from Russia plummeted by 70% due to disruptions at export ports. Russia initially hoped to benefit from the situation in the Middle East, but ultimately received nothing and is forced to rely on gasoline imports to mitigate the shortage.
In fact, this is beneficial for both Russia and India. Russia finally has the opportunity to unload its accumulated Indian rupees on some goods.
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