{"id":490105,"date":"2022-05-07T11:11:37","date_gmt":"2022-05-07T05:41:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=490105"},"modified":"2022-05-07T11:11:37","modified_gmt":"2022-05-07T05:41:37","slug":"ukraine-crisis-indias-irresistible-charm-of-russian-oil","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ukraine-crisis-indias-irresistible-charm-of-russian-oil\/","title":{"rendered":"Ukraine crisis: India\u2019s irresistible charm of Russian oil"},"content":{"rendered":"<p>One after the next, the entreaties have streamed into India. Buying Russian oil, President Joe Biden told Prime Minister Narendra Modi, is not in your country\u2019s interest. Undermining sanctions, a US official starkly warned, could bring \u201cconsequences\u201d. Taking a harder line on Russia, a parade of American and European emissaries argued, is a global imperative.<\/p>\n<p>But for India, the decision to hold tight to its neutrality on Russia\u2019s war in Ukraine is no longer just about keeping its options open in a world with multiple centres of power. It has evolved into a lucrative case of economic opportunism: Russian oil is just too good a deal to pass up.<\/p>\n<p>India\u2019s purchases of Russian crude have soared since the conflict\u2019s start, rising from nothing in December and January to about 300,000 barrels a day in March and 700,000 a day in April. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>One after the next, the entreaties have streamed into India. Buying Russian oil, President Joe Biden told Prime Minister Narendra Modi, is not in your country\u2019s interest. Undermining sanctions, a US official starkly warned, could bring \u201cconsequences\u201d. Taking a harder line on Russia, a parade of American and European emissaries argued, is a global imperative. But for India, the decision to hold tight to its neutrality on Russia\u2019s war in Ukraine is no longer just about keeping its options open in a world with multiple centres of power. It has evolved into a lucrative case of economic opportunism: Russian oil [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,215,148],"tags":[],"class_list":["post-490105","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/490105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=490105"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/490105\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=490105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=490105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=490105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}