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Topic: LMAO: India resells Russian oil to the European Union. - page 4. (Read 850 times)

legendary
Activity: 3346
Merit: 1352
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Honestly those "tree huggers" is not the problem in that case, because Nuclear power plants are usually very clean if you know what you are doing. I know that there is a chance it could blow up and that would be horrible, but nobody builds a nuclear power plant just so it would blow up and be terrible. It is energy efficient, you can carry it for very long distances, and it is not going to be hurting the world if nothing happens.

So, even for a tree hugger, it is actually a good idea, it is a clean energy source that covers so much energy need with just one of them, 10 of them would light the whole nation, why would it be something tree huggers hate, I would never know.

Exactly. I don't understand why the Green Party hates Nuclear energy so much. There are somewhere between 400 to 500 nuclear powerplants operating in the world as of now, and many of them have been operating for decades without any issues. There were isolated incidents such as Chernobyl, but now the technology has improved a lot and chances of an accident occurring is much less than a hypro-power dam getting blasted. Makes me suspicious about the real intention of these people. Aren't they being funded by corporations that manufacture solar panels and wind turbines?
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
France did the right thing by driving off the tree huggers and allowing the nuclear power plants to operate. On the other hand, Germany closed down most of theirs under pressure from the warmonger Green party and then further exacerbated the situation by constructing wind power plants where there is no wind, and solar power plants where there is no sunlight. And now they are about to shut down at least some of their natural gas fired powerplants, which would mean that they will be importing massive amounts of electricity from France.
Honestly those "tree huggers" is not the problem in that case, because Nuclear power plants are usually very clean if you know what you are doing. I know that there is a chance it could blow up and that would be horrible, but nobody builds a nuclear power plant just so it would blow up and be terrible. It is energy efficient, you can carry it for very long distances, and it is not going to be hurting the world if nothing happens.

So, even for a tree hugger, it is actually a good idea, it is a clean energy source that covers so much energy need with just one of them, 10 of them would light the whole nation, why would it be something tree huggers hate, I would never know.
sr. member
Activity: 966
Merit: 311

On multiple occasions I have asked you guys to stop blaming my country. Our position is clear. We don't support sanctions and embargoes that are imposed purely to satisfy the ego of western nations. Crude oil prices have risen by 200% during the last two years and the EU is using this as a tool for regime change. Already governments have fallen in countries such as Pakistan. If the EU want us to stop purchasing crude from Russia, then they should ask the OPEC to increase the output by 10 million barrels per day (that is the daily output from Russia).

Once again, let me make it very clear. India is not ready to foot the bill for EU's war against Russia.

I think India has made best decision for its people and its own interest. I heard Indian foreign minister saying ' EU must stop depicting that there problems are worlds problems '. Pakistani government tried to buy oil from Russia but USA carried out an operation regime change in Pakistan and bought its own people in power who are no more buying oil from Russia.
hero member
Activity: 1414
Merit: 574

What is clear is that the EU cannot magically stop consuming all the oil and gas it used to buy from Russia. It can gradually reduce it as it installs more renewables, as it has been doing for years.

I think there is a lot of window-dressing going on here, and I would like to see how they approach energy policy in the medium term, not to mention the long term, as politicians are not usually capable of thinking beyond one term of office. For me the lesser evil is to install more nuclear power plants, because fossil fuels mean putting the EU in the hands of other countries, many of them dictatorships. And to make a fool of themselves as in this case.


Any sanction which is given to the Russian can't be implemented fully 100%, the fact is every countries have need each others. So, India talked about their business, although They really understand and know that what They did was wrong but it doesn't matter. They will give us a rational reason to avoid any bad impact. We know that if we talk about profit, although the country is doing war each other but the societies need money to fulfill their daily needs. Business must go on whatever is going on.
hero member
Activity: 1764
Merit: 584
The EU countrie hell knows that the oil they are buying from India came from Russia. No wonder there are conspiracy theories that this was just some staged shit to further crash the global economy so they can steal more money from the people.

Even if that speculation is unlikely, what's clear is that there's no immediate solution to Europe's energy problem.

Lmao What happened to Europe’s unicorn fart powered windmills anyway? I thought oil/gas was outdated… What happened to WEF’s push for zero carbon footprint?

It's all hypocrisy, like Leonardo di Caprio telling us to lower our carbon footprint while his private jet emissions dwarf what a family produces in a year. Or to put it another way, it's the "Bugs for thee, Steaks for me" attitude.
full member
Activity: 616
Merit: 161
I first saw this in a Spanish forum, but I see that a national newspaper in Spain has brought it out.

https://www.elmundo.es/economia/macroeconomia/2022/06/04/629a1c44e4d4d8fb2a8b460d.html

In English:

https://www.marketwatch.com/story/why-india-is-set-to-win-big-as-eu-bans-russian-oil-imports-11654021874

India is receiving 600,000 barrels per day from Russia compared to 90,000 barrels per day last year, which buys at below market price, refines and sells at a higher price to Europe. What a masterstroke by the European Union, LMAO.

Nobody thought of this? Last Friday the EU adopted sanctions banning oil imports from Russia.

https://thehill.com/policy/energy-environment/3511129-eu-officially-adopts-russian-oil-embargo/

Once this has come to light, what are they going to do? Not buy from India? It reminds me of exchanges or other entities that don't want tainted coins.

I put this comment here because I think it is the key to the issue:

Once the oil is refined in to diesel, it will be impossible to know about it's origin. And here, the situation is further complicated by the fact that the two oil companies who have purchased huge amounts of oil recently (Nayara Energy and Reliance Industries) also import a lot of oil from Iraq and Saudi Arabia. So they can always claim that the diesel they sell to the EU is sourced from Iraqi crude. After all, it is same substance with the same chemical composition coming from different oil wells. There is no 100% accurate method to find out how many molecules came from Russia, and how many came from Iraq.

So India claims that what it sells to the EU does not come from Russia, the EU claims that what it buys does not come from Russia, when most likely at least some of what it buys from India comes from Russia, and more expensively. LMAO.






Well, what a convenient way for everyone to bypass sanctions while still abiding by the sanctions Smiley As you mentioned, there are ways to find out where the oil came from, and I honestly don't doubt that all parties are aware of where it comes from, but we have to take into account the rampant globalization that has been going on for the last, oh, 100years, and it would be completely impossible to dead stop it like we think it should due to sanctions. Things like this are bound to occur, but it will be reduced with time. Things like that can't happen overnight.
Ucy
sr. member
Activity: 2674
Merit: 403
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I wonder among all these parties who is violating their rules and principles:  the ones telling lies about a product they sell to consumers or the ones using something they already ban.  It's important to always make laws that are implementable and not based on emotions so you don't lose more ranks for not obeying them.
I believe they strongly regretted the early sanctions because it was done hastily and created serious problems.  And it's possible to convince your customers to buy your products without lying to them
legendary
Activity: 1358
Merit: 1565
The first decentralized crypto betting platform
False. The embargo is real. The oil bought by those countries is 10% of the total and does not make any difference. Hungary is as close as a country can get to being expelled from the EU for failing to follow the rule of law, implementing one state of exception after another. They are already excluded from the EU funds for those reasons. Let them buy from Adolf Putin, eventually they may only be able to buy from him.

There is no lack of refining capability in Europe, there is no lack of heavy crude oil in the world. Unfortunately, the RF citizens are going to have a though time in the next decade.

US and EU are avoiding what is called "secondary sanctions" to India and China, but India will pay a price for this eventually.
Do not accuse me of lying, if you are not able to confirm this with evidence and facts, with unfounded accusations you only discredit yourself and lose the status of an adequate interlocutor in the eyes of others. There is too much hypocrisy to consider the EU oil embargo real in a thread discussing India's resale of refined Russian oil to Europe lol.

What is clear is that the EU cannot magically stop consuming all the oil and gas it used to buy from Russia. It can gradually reduce it as it installs more renewables, as it has been doing for years.

I think there is a lot of window-dressing going on here, and I would like to see how they approach energy policy in the medium term, not to mention the long term, as politicians are not usually capable of thinking beyond one term of office. For me the lesser evil is to install more nuclear power plants, because fossil fuels mean putting the EU in the hands of other countries, many of them dictatorships. And to make a fool of themselves as in this case.

copper member
Activity: 2226
Merit: 915
White Russian
Let's see how Russia will be able to sell about 3 million barrels that were going to Europe and its allies.
Through the Druzhba pipeline? Haven't you realized yet that the EU oil embargo is pure farce and bluff. Hungary did not join the embargo, Bulgaria, Slovakia and Croatia did, but with a number of reservations and delays. A large refinery in East Germany that produces aviation fuel for the whole of Europe is designed for heavy Russian oil, and it is easier to build a new plant than to reconfigure an old one. Europe has painted itself into a corner with populist statements by incompetent politicians, and now their voters will have to pay the price. Russia does not need to sell three million barrels to Europe when Europe is driving up oil prices through its actions. It is enough to sell two million and get the same money or even more.

False. The embargo is real. The oil bought by those countries is 10% of the total and does not make any difference. Hungary is as close as a country can get to being expelled from the EU for failing to follow the rule of law, implementing one state of exception after another. They are already excluded from the EU funds for those reasons. Let them buy from Adolf Putin, eventually they may only be able to buy from him.

There is no lack of refining capability in Europe, there is no lack of heavy crude oil in the world. Unfortunately, the RF citizens are going to have a though time in the next decade.

US and EU are avoiding what is called "secondary sanctions" to India and China, but India will pay a price for this eventually.
Do not accuse me of lying, if you are not able to confirm this with evidence and facts, with unfounded accusations you only discredit yourself and lose the status of an adequate interlocutor in the eyes of others. There is too much hypocrisy to consider the EU oil embargo real in a thread discussing India's resale of refined Russian oil to Europe lol.
legendary
Activity: 1848
Merit: 1982
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Really funny thing, instead of getting rid of Russian gas they are buying at a higher price but under a different name "Indian Gas"!!! This is really ridiculous. They want to get rid of Russia's control, but they are drowning in the Russian quagmire more and more. Unless Europe can find an alternative and cheap source of energy instead of Russian gas, they will never be able to get rid of Russia's grip. In fact, they are looking for other alternatives such as clean energy but they have not yet been able to find a cheap alternative and may not be able to do so in the near future.
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
It's unfortunate that India didn't join the common action against Russia. It was obvious from the start that they wouldn't, but it's still sad. Yes, India has a lot of profit to make here, but profit on war, on blood, on what several countries and many scholars call a genocide? Is it really alright to make profit when such terrible things are done by Russia with the money it gets from selling oil?
And the EU, well, I'm not surprised that everyone is pretending that it's not Russian oil while knowing it probably is.

On multiple occasions I have asked you guys to stop blaming my country. Our position is clear. We don't support sanctions and embargoes that are imposed purely to satisfy the ego of western nations. Crude oil prices have risen by 200% during the last two years and the EU is using this as a tool for regime change. Already governments have fallen in countries such as Pakistan. If the EU want us to stop purchasing crude from Russia, then they should ask the OPEC to increase the output by 10 million barrels per day (that is the daily output from Russia).

Once again, let me make it very clear. India is not ready to foot the bill for EU's war against Russia.
legendary
Activity: 2562
Merit: 1441
I would guess other nations are also purchasing and reselling russia's oil and commodities in a process of commodity laundering. The high profit and low risk involved are too great to ignore. Consumers are willing to pay a little extra to have a clearer conscience and believe they're purchasing oil and natural gas from india, rather than russia. Its a common practice with sweatshops, child labor and slave labor. People turn a blind eye to corruption and exploitation, pretending they do not exist, to avoid guilt.

The same negative precedent is found in other markets and supply chains around the world.
legendary
Activity: 2366
Merit: 1624
Do not die for Putin
Let's see how Russia will be able to sell about 3 million barrels that were going to Europe and its allies.
Through the Druzhba pipeline? Haven't you realized yet that the EU oil embargo is pure farce and bluff. Hungary did not join the embargo, Bulgaria, Slovakia and Croatia did, but with a number of reservations and delays. A large refinery in East Germany that produces aviation fuel for the whole of Europe is designed for heavy Russian oil, and it is easier to build a new plant than to reconfigure an old one. Europe has painted itself into a corner with populist statements by incompetent politicians, and now their voters will have to pay the price. Russia does not need to sell three million barrels to Europe when Europe is driving up oil prices through its actions. It is enough to sell two million and get the same money or even more.

False. The embargo is real. The oil bought by those countries is 10% of the total and does not make any difference. Hungary is as close as a country can get to being expelled from the EU for failing to follow the rule of law, implementing one state of exception after another. They are already excluded from the EU funds for those reasons. Let them buy from Adolf Putin, eventually they may only be able to buy from him.

There is no lack of refining capability in Europe, there is no lack of heavy crude oil in the world. Unfortunately, the RF citizens are going to have a though time in the next decade.

US and EU are avoiding what is called "secondary sanctions" to India and China, but India will pay a price for this eventually.
legendary
Activity: 3248
Merit: 1402
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It's unfortunate that India didn't join the common action against Russia. It was obvious from the start that they wouldn't, but it's still sad. Yes, India has a lot of profit to make here, but profit on war, on blood, on what several countries and many scholars call a genocide? Is it really alright to make profit when such terrible things are done by Russia with the money it gets from selling oil?
And the EU, well, I'm not surprised that everyone is pretending that it's not Russian oil while knowing it probably is.
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
I understand you, you look out for what is best for your country and your people, especially if you see that the European Union is making an ass of itself.

In this case as a European I do not understand the hypocrisy of the European Union and I also believe that it is going to be the region of the world that is going to lose the most in all of this. Europe's green shift was made on the basis of cheap Russian gas (which is obviously ecological, lol) and now that they don't want Russian gas (or oil), let's see how to support the renewable energy mix, as there are only two options: fossil fuels or nuclear energy.

As neither of the two options is liked (except in France, which has a lot of nuclear power), in the end we see cases like this: I don't buy oil from Russia but in reality I do buy it from them, actually more expensively via India, but I will never admit it.

France did the right thing by driving off the tree huggers and allowing the nuclear power plants to operate. On the other hand, Germany closed down most of theirs under pressure from the warmonger Green party and then further exacerbated the situation by constructing wind power plants where there is no wind, and solar power plants where there is no sunlight. And now they are about to shut down at least some of their natural gas fired powerplants, which would mean that they will be importing massive amounts of electricity from France.

legendary
Activity: 2072
Merit: 4265
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This has not been a secret for all sellers and buyers for a long time. Anyone who buys oil from India is well aware that India resells, and the European Union always has the right not to make such deals. However, this does not happen. There is an expression that "money does not smell", so this is the most common business. Sanctions do not give the desired result, but they give many solutions, and there may be benefits to bypassing them. It remains only to ask, who benefits from the imposed sanctions? I think the answer suggests itself.
legendary
Activity: 1358
Merit: 1565
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We don't care about this fake sense of ethics and morality from the western nations. As an Indian, I fully support the decision from the central government.

I understand you, you look out for what is best for your country and your people, especially if you see that the European Union is making an ass of itself.

In this case as a European I do not understand the hypocrisy of the European Union and I also believe that it is going to be the region of the world that is going to lose the most in all of this. Europe's green shift was made on the basis of cheap Russian gas (which is obviously ecological, lol) and now that they don't want Russian gas (or oil), let's see how to support the renewable energy mix, as there are only two options: fossil fuels or nuclear energy.

As neither of the two options is liked (except in France, which has a lot of nuclear power), in the end we see cases like this: I don't buy oil from Russia but in reality I do buy it from them, actually more expensively via India, but I will never admit it.





legendary
Activity: 3346
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A magnificent move really. I do not know much about this deal, but if it is true then it is definitely a great deal and should be utilizing the Russia sanctions very well this way.

If India didn't, then some other nation would have, and Russia is making money even though there are sanctions thanks to this "via" deals as well. Take whatever you can from the deal because by liberal policies and ideology, if you are not going to do it because it is "unethical" then someone else would, and they would live a better life than you. Plus, India is not putting a gun against anyone's head, if you want to do it, then do it, if you don't, then stay away from them.

When Turkey (under Recep Tayyip Erdoğan) was purchasing crude oil from the ISIS and re-exporting the refined products, there was no such outcry. In fact, the Erdoğan family was directly involved in this trade and his son is rumored to have made billions of USD in profits as a result. But when India purchase a few barrels of crude from Russia, all the hell break lose. We don't care about this fake sense of ethics and morality from the western nations. As an Indian, I fully support the decision from the central government.
legendary
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Merit: 1165
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A magnificent move really. I do not know much about this deal, but if it is true then it is definitely a great deal and should be utilizing the Russia sanctions very well this way.

If India didn't, then some other nation would have, and Russia is making money even though there are sanctions thanks to this "via" deals as well. Take whatever you can from the deal because by liberal policies and ideology, if you are not going to do it because it is "unethical" then someone else would, and they would live a better life than you. Plus, India is not putting a gun against anyone's head, if you want to do it, then do it, if you don't, then stay away from them.
legendary
Activity: 1050
Merit: 1100
Sanctions on any nation would be very potent in the following circumstances;
1) If the target nation has no needed natural resources or finished products.
2) If they have no ally that is a world power
3) If they are landlocked and have unhealthy relationship with neighboring countries

1. For as long as Russia is a major producer of oil and gas, they would have many clients that would smartly look for means to invade these sanctions and buy this oil. One would have thought that by now Iran would have crumbled with the magnitude of sanctions imposed on them by US and Europe. But because they have what is needed, theses sanctions would always be invaded by all means. Russia is enticing most countries with cheap oil and they would definitely attract clients.

2. Any country that has a good relationship with any world power would ultimately invade sanctions. These nations respects each other. Hence, even when any of them assists or helps a sanctioned nation, the matter is not taken seriously. China and India have been helping Russia invade these sanction and the US and other nations are handicap. Consensus or coordinated sanctions becomes difficult because friendly nations would always oppose these sanctions.

3) It would be very easy to impose sanctions on a landlocked nation especially if it is a coordinated effort with neighboring nations. Russia is not landlocked and most countries like Hungary and Belarus are still its allies. This would make sanctions very difficult to implement.    
  
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