Near as I can figure, Russia's economy is on life-support rn.
Ukraine has been beating the hell out of Russia's oil fields & strategic weaknesses.
With the Strait of Hormuz closed, the price of oil spikes. Russia's presumed extraction costs (outdated at $15 per barrel) lets Russia make promises about future money.
Thing is, Ukraine's attacks have raised that price a lot; plus weakened refining, delivery, all that.
So as long as the Strait of Hormuz remains closed, Russia is able to mask the damage Ukraine is doing to them.
Now we get to India... (sorry, it's nuanced, there are layers)
India is taking the chance to buy oil at good prices to keep their flow going. This benefits Russia, tho not as much as Russia wants or needs, and benefits India... and they get to ignore Western influence in their dealings.
Does it help Russia?
Meh... not a lot. Russia's bleeding out, and while Russia's attacks on Ukraine have stepped up lately, the structure of those attacks is the same old approach: terror.
Ukraine is fighting with precision, with focus, and with consistency.
In the end, it looks like Bone Spurs is propping up Putin by keeping the Strait of Hormuz closed & trying to milk the markets with random moves.
Worst part is, no one is buying it. Ukraine just keeps doing what it has to, the rest of the world is learning to ignore Bone Spurs, Bibi & Pooty's statements and their grand illusion of invincibility has begun to break.
Just a guess tho.
10
Introvertloner1015 days ago
+13
The govt. calls it Non-alignment, but it looks like basically staying the f*** out of everything.
13
rameshpawar44665 days ago
+9
See India has a population of 1.4 billion with gdp growing at 9-10% nominal rate, with growing middle class which means big market. No country in the world wants to loose Indian market. Even if you got 5% share in indian market you are dealing with 70 million people. It's more than enough reason for each and every country to do business with India.
9
Designer_Professor_45 days ago
-15
Companies are wary of doing business with India because of their high tariffs. Establishing a business there is even more risky as they require 51% ownership be local and forced IP transfer.
It's a recipe for putting your own company out of business.
-15
rameshpawar44665 days ago
+17
India does not have a blanket 51% ownership rule for all foreign companies; in fact, 100% Foreign Direct Investment (FDI) is permitted in most sectors. However, a 51% (or similar majority) ownership restriction is applied in sensitive or specific sectors like multi-brand retail, insurance, and defense to ensure Indian control, promote local partnerships, and protect strategic industries.
Ist not applicable for all sectors. If it was then India would not have been it hub.
17
Designer_Professor_45 days ago
-11
India became an IT hub due to c**** local labor utilized by outsourcing companies and large amounts of qualified workers due to is STEM push. The vast majority of these are outsourced to indian companies to specifically avoid the FDI laws.
That's not to be confused with actual companies which produce goods which very much fall foul of Indian tariffs (extremely onerous), try buying a foreign made electronic there or bringing a pair of laptop ls on a plane.
Don't get me wrong great potential due to population, but many companies got utterly fucked by China over the past 40 years who operate on the same predatory strategy.
7 Comments