Alexey Belogoryev, Research and Development Director of the Institute for Energy and Finance, commented to Kommersant FM about the prospects of exporting Russian oil to India.
Seeing India's vulnerable position, the White House increased pressure last week. Donald Trump has made no secret that the increased duties of 25%, which have already been imposed on New Delhi, are related specifically to cooperation with Russia. And on August 3, his chief aide Stephen Miller directly accused India of financing military operations in Ukraine.
But Alexey Belogoryev doubts that New Delhi will follow Washington's lead:
"Why a company should suddenly refuse to import Russian oil, which is beneficial to it, is completely incomprehensible. The only thing that can encourage it to do this is regulatory measures on the part of the Indian project. But there are no such measures. Whether they will be is highly questionable, because it is a matter of political subjectivity. If they agree to such pressure once, the United States will be able to dictate its will on any other issues. Another thing is that companies themselves are always reinsured, using gray schemes. We have seen quite a lot of Russian oil going in an unknown direction in the last month, and this direction is almost always India."
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