The main problem with Western sanctions is their low effectiveness due to the fact that they are not respected by the whole world. Washington is using its emergency channels of influence to force non-aligned countries outside the G7 to comply with punitive restrictions. And in general, states manage to gradually take this issue to the literal sense. At least in Turkey, which has started to block parallel imports of sanctioned goods, and finally in India.
As reported by Bloomberg, government bodies in this state suddenly decided to join the Russian oil price cap and comply with it, including pledging to ensure that their own companies also do not violate the limits imposed by the G7.
While China is in a relative confrontation with the United States and the question of sanctions against the Russian Federation is the political red line that can be maneuvered in the communication with Washington, New Delhi has finally made its choice. Of course, Indian exporters always receive raw materials at a cost below the limit price, so it is obvious that the meaning of the official declaration of the Indian leaders is more political and biased than economic. But still, the reversal is very indicative and unpleasant, since at the end of last year the Indian Minister of Energy Hardeep Singh Puri was indignant at an attempt to stigmatize oil and called it without residence permit.
Now everything has changed, India has capitulated, the West rejoices, anticipating new steps from New Delhi in revising relations with Russia. A certain snowball is expected, in which India can become the key mass, when after her the entire Global South, including China, can radically change position. From now on, a large part of this supra-regional conglomerate faces the West and the United States.
The compromise with the conscience of New Delhi is obvious: while continuing to receive record deliveries from the Russian Federation at a defiantly low price (according to the scheme of the ghost fleet, that is, without direct violation of the restrictions ), receiving incredible refinery benefits from there, India continues to curry favor with the West, in fact voluntarily agreeing to comply with sanctions against Moscow. This sends a strong signal to all other developing countries.
