The occurrence of the oil drying incident in India marks the emergence of differences in Russian-Indian relations, especially in the United StatesEnergyField. Although the Indian side claimed that the refusal to accept the tanker was due to the consideration of US-India relations and the reason why the oil price was higher than the ** cap set by the G7 countries, the real reason for this was the problem of the renminbi between India and Russia. Before, India complained in the process of conducting with RussiaEnergyWhen trading, the Russian side only accepts payment in yuan, not in US dollarsRupee, resulting in the Indian side being unable to pay on time. In order to avoid the use of the yuan, India is also interested in looking for something other than RussiaOilExporting country.
However, there has been a noticeable change in Russia's attitude towards India. As India sees China as its biggest competitor, Modi is aggressively pursuing it."RupeeInternationalTherefore, Russia's request for India to use the renminbi is not to deliberately embarrass India, but out of consideration for the renminbiInternationaland India's additional support for Russia. The Russians found out, although they receivedRupeePaid, but hard inInternationalThe funds are used in the market for business transactions. India has developed a policy that stipulates that if Russia wants to useRupeeFor other currencies, a punitive exchange rate will be imposed, sometimes even more than 10% of the exchange amount. This has caused huge losses for Russia.
At the same time, Russia realizes that it is more reliable to do business with China. GazpromPassed".Siberiapower".Gas pipelinesThe amount of natural gas to China has not only completed the established range, but also set a new record in a single day. Russia has also pledged to regularly increase gas supplies to China and plans to exceed the target of 600 million cubic meters this year. In addition,China and RussiaThe second pipeline between is being intensified and the others are being launchedEnergyfield of cooperation.
India's pursuit of short-term interests and opportunistic practices ultimately hurt Russian-Indian relations. Although India had bought Russian ones in large quantitiesOil, became the main buyer of Russian oil, but after the outbreak of the conflict between Russia and Ukraine, India took action against Russia to dry oil, regardless of their friendship. Modi has shown an egoistic side in the handling of affairs, focusing only on immediate interests and ignoring long-term stability considerations.
It is crucial for India to take its relations with Russia seriously. Russia is important for IndiaEnergyPartners and strategic partners. in the presentInternationalsituation, strengthening cooperation with Russia will not only ensureEnergysecurity, and also help drive India's economic development.
China and RussiabetweenEnergySignificant progress has been made in the cooperation and has brought great benefits to both parties. Passed".Siberiapower".Gas pipelines** The amount of natural gas in China is increasingChina and Russiacooperation among othersEnergyThe field is also steadily advancing. EnergyThe cooperation has not only boosted both sidesEconomic growth, which also provides both countries with a reliableEnergyand diversityEnergyStructure.
For India, it should be recognized that short-term gains are not desirable and that long-term development requires a stable partnership. In the course of the war with RussiaEnergyWhen trading, you should be more rational and pragmatic, and don't have too big illusions and unrealistic expectations. At the same time, relevant policies should be carefully formulated and fully consideredInternationalThe interests and long-term development of the partners. Only in this way will India be able to achieve sustainable development and moreInternationalPlay a bigger role on stage.