Indian firms are importing Russian crude oil at a discount, mixing it with crude from unsanctioned places, refining the mix and selling it for full price on the open market as unsanctioned oil.
New Delhi is confident the US is so desperate for an alliance against China, it can't afford to do anything about it.
That's also why it expects no serious repercussions for assassinating a Canadian citizen in Canada.
(you maths is out a little but you have the right idea, India pays 30% over the $60 price cap - paying them $80 then sells on at market price to everyone else for ~$90)
The US gets most of its oil domestically, but since oil is traded globally, even if it isn't actually getting oil from Russia, maybe parent post thinks it is still complicit by letting India use the oil itself?
NickC25|2 years ago
stg22|2 years ago
New Delhi is confident the US is so desperate for an alliance against China, it can't afford to do anything about it.
That's also why it expects no serious repercussions for assassinating a Canadian citizen in Canada.
blitzar|2 years ago
(you maths is out a little but you have the right idea, India pays 30% over the $60 price cap - paying them $80 then sells on at market price to everyone else for ~$90)
seanmcdirmid|2 years ago