Alexey Belogoryev, Research and Development Director of the Institute for Energy and Finance, commented to the Komsomolskaya Pravda radio station on the prospects for Russian oil exports to India.
Alexey Belogoryev commented on contradictory media statements that India intends to abandon the purchase of Russian oil after threats from US President Donald Trump.
According to him, the fact that oil importing companies are at a loss and trying to be reinsured is indicated by a significant increase in the volume of cargo that is sent to gray, that is, without indicating a specific destination port, and almost all of these cargoes go from Russia to India.
Belogoryev noted that everything is much easier with China, the country declares at all levels that it will not curtail oil trade with Russia in any way, this is a principled position, it is clearly expressed."On the other hand, everyone is waiting for some kind of clear reaction from the Indian government, some kind of clear position that has not yet been expressed, that is, there are statements from various officials, mostly of not very high rank. These statements usually boil down to the fact that India will not back down and will not succumb to US pressure, but so far there has been no clear reaction from the Prime Minister or any other leading officials, everyone is waiting for it. Given the specifics of Trump's policy, anything is possible.
Another thing is that this is such a historic choice for India, a fundamental choice that is being looked at all over the world, because if you succumb to this pressure once, then Trump can use it for any other reasons, including domestic political ones. Yes, India will lose about $ 10 billion, not counting possible price increases, but this is not the main thing in this case in this choice," he said.
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