between India and RussiaOil** Recently, there have been some contradictions. At first, India and Russia were inOilThe settlement process** is divided. The Russian side is reluctant to accept the Indian rupee, insisting on trading in a third-party currency, the yuan. This move made India** unhappy,Modi** It has also repeatedly urged the Russian side to reach a currency exchange agreement. Among them, the chain of interests is very clear: India will cheapen Russia by replacing labels, "refining" on OEM, etcOilExported to the EU in different ways. In the process, India became the biggest beneficiary, while the EU paid the extra cost to buy RussiaOil
However, negotiations between India and Russia on "local currency exchange" have not progressed. In June this year, India said that the matter was basically hopeless, and Russia was unwilling to let go. Subsequently, India** indicated that it might seek alternatives from other countriesOilImport. By August, India against RussiaOilof imports have fallen to new lows.
According to the Associated Press, India is continuously importing RussiaOilNearly two years later, there was an abrupt change of attitude towards Russian oil. A Liberian-flagged Aframax tanker, NSCENTURY, set sail from South Korea in late October and was scheduled to unload about 2,575 kilometres from Indian ports, but was rejected by India. This is the first time that India has rejected RussiaOil
Some analysts believe that this situation may be due toModi** Dissatisfied with the fact that Russia is not being given "preferential treatment". Last year, when RussiaOilWhen it was unsalable, India bought Russia at a very low **Oil, which also financed the military operations of the Russian side. However, the follow-up Russia not only did not satisfyModiThe local currency trading conditions are nowInternationalOil prices** After that, India did not continue to be given "preferential treatment". This causedModidiscontent.
In addition, the United States is exerting increasing pressure on India. Biden and Republican lawmakers accuse India of "helping" Russia to continue economically and not collapse until now, and they demand that India "must stop" similar actions until the end of the war. However, some experts believe that the results of US pressure on India are not necessarily good. If the United States can force India to reject RussiaOil, at least to show that they areModi**Other policies have also had an impact.
India abruptly rejected RussiaOilIt has had a certain impact on both India and Russia. For the Russian side, this may make them reassess their relationship with IndiaOil**Relationship. Russia has always dependedOilexports to support the economy if India continues to reject RussiaOil, which will inevitably have a negative impact on the Russian economy.
For India, the rejection of RussiaOilmay increaseOilThe cost and uncertainty of imports. India is the fourth largest in the worldOilImporting countries, which rely on imports to meet domestic demand. If there is no RussiaOil**, India may need to buy from other countriesOil, which could increase India's deficit andOilImport expenditures. Also, if India chooses to buy from other countriesOil, possibly globallyOilThe market has a certain impact that leads to:Oil prices
However, at the moment between India and RussiaOil**The contradiction has not yet been resolved, and further consultations are still needed between the two sides. As globally importantEnergyRussia, a big country, also does not want to lose India as an important market. Both sides will work to find a solution to ensureOil**Able to go smoothly.
In short, India suddenly refused to accept RussiaOilIt's two countriesOilA manifestation of contradiction. This incident has implications not only for both India and Russia, but also for the whole worldOilThe market brings a certain amount of volatility. The two sides need to seek a solution through negotiation and consultation in order to safeguard the interests and stability of both sidesOilMarket. At the same time, this incident also reflects:InternationalOil priceswithGeopoliticsFactor pairsOil** States should remain vigilant and seek more stable and sustainable impactEnergyStratagem.