Courage from China! On the eve of his visit to China, Modi decided to purchase more Russian oil
Three traders involved in the oil transactions with India disclosed that India plans to further increase its crude oil imports from Russia in September. Preliminary data shows that the procurement volume by Indian refineries will rise by 10% to 20% compared to August, meaning an additional 150,000 to 300,000 barrels per day.
For India, this move to withstand pressure and purchase more Russian oil is not just an economic calculation, but also a signal on the diplomatic front.
From a timing perspective, this decision to increase oil purchases almost coincides with the official implementation of new U.S. punitive measures.
The Trump administration launched punitive measures on Indian export goods of up to 50% on August 27, citing the reason that India did not cooperate in restricting Russian oil purchases.
The next day, news came out that India would continue to buy, and even increase its purchases, which was clearly an intentional strong response.
The courage behind this move comes from no one else, but from China, which India is about to visit.
Modi's visit to China itself is already a sign of a shift in attitude.
This shift is not a spontaneous act, but rather India's effort to find a second support point for itself after being continuously pressured by the United States and threatened with trade decoupling.
Therefore, it is China that has given India the geopolitical courage, allowing Modi to stand up and confront Trump.
Original: www.toutiao.com/article/1841768999479296/
Statement: This article represents the views of the author.