Sanctions… While Putin's insistence on selling natural gas in rubles continues, the US's harsh attempts to block Russia's revenues and reserve resources continue. Biden has called for tougher sanctions over the actions of the Russian military in Ukraine. By blocking Russian dollars in banks, the US government aims to leave Russia with little resources to use for financial stability and bond payments. A possible ban on Russian oil will also have a blocking effect on Russia's revenues.
Strategy… The ceasefire phenomenon is not news that can be fed enough at the moment. Ukraine wants Russia to end its military presence in the country. Russia, on the other hand, is likely to change tactics on the field, as it could not pass the country with "blitzkrieg" and overthrow the government. However, Russia now has the impression of an occupying country and draws a negative image on the world public opinion. Therefore, it has to cooperate with a partner like China in order not to be alone in the diplomatic sense. This means the formation of new counter-blocs between democratic and anti-democratic regimes. For the US, Russia is still strategically hostile, while China is both economically and strategically hostile states.
Russia – India and China – India… In the strategic positioning in the 1970s, India signed a friendship and cooperation agreement with the Soviet Union, with the desire to acquire a strong ally against Pakistan, which was in diplomatic rapprochement with the US and China, and this strategic partnership started. This was a significant departure from India's previous non-alignment position during the Cold War and was a factor in the 1971 Indo-Pakistani war. The term of the treaty was 20 years and was renewed for another 20 years on 8 August 1991. After the collapse of the Soviet Union, the agreement was replaced by the 20-year Indo-Russian Treaty of Friendship and Cooperation.
The situation with China is mixed. India blames China for instability in the region and borders and sees it as a security threat. In other words, relations with China are not very friendly, so it is understandable that India has a balanced stance on the issue with Russia. Because they don't want China to get stronger diplomatically and strategically and gain a central position. In the case of Ukraine, they take an approach to the importance of an immediate ceasefire, as well as a return to diplomacy and dialogue.
Conclusion? Russia wants to attract powerful partners and create a substitution of big players who can sell its oil if Russian oil is banned from the West. For this reason, it is possible to sell oil to non-Western players at serious discounts. In countries that can create such a huge demand in the world, China and India come to mind first. It is also critical that Venezuela and Iran are wanted to be turned into a game by the US in response to this move. But the Vienna agreement is stuck again, and both Iran and Venezuela are anti-American regimes. The US wants to isolate its rivals from the financial system, force it economically and decentralize the China-based trade network.
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