# Russia, Sanctions, India **URL:** \ **Category:** Macro Economic Trends and Risks\ **Created:** [December 29, 2023, 7:04pm UTC](https://discussion.fool.com/t/russia-sanctions-india/99966 "2023-12-29T19:04:55Z")\ **Posts on this page:** 6\ **Page:** 1
**Author:** ![tjscott0](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/tjscott0/32/1083_2.png) [@tjscott0](https://discussion.fool.com/u/tjscott0)\ **Post date:** [December 29, 2023, 7:04pm UTC](https://discussion.fool.com/t/russia-sanctions-india/99966/1 "2023-12-29T19:04:55Z")
> **[Russia pivots oil sales to India amid Ukraine sanctions – DW – 12/27/2023](https://www.dw.com/en/russia-pivots-oil-sales-to-india-amid-ukraine-sanctions/a-67831351)** > > Russia's deputy prime minister says almost all the country's oil exports this year have been shipped to India or China. India is the far bigger growth market as western countries sanction Moscow. _Oil exports to the two most populous countries on the planet, [India](https://www.dw.com/en/india/t-18996071) and [China](https://www.dw.com/en/china/t-18480887), have made up 90% of all [Russia](https://www.dw.com/en/russia/t-19065060)’s crude exports this year, Deputy Prime Minister Alexander Novak told Russian state broadcaster Rossiya-24 on Wednesday._ _India has even been able to purchase exported Russian crude oil, sometimes at a discount, refine it, **and then sell it to Europe.** This is partly possible because refineries often use crude from various sources, making it difficult or impossible to define where the end product originally hailed from._ _He predicted that Russian oil and gas export revenues would total almost 9 trillion rubles (roughly $98 billion) for the year, **a level similar to 2021** , the last year before [the invasion of Ukraine](https://www.dw.com/en/russias-war-in-ukraine/t-60931789) and subsequent sanctions._ \*The oil and gas industry accounts for around 27% of Russia’s GDP, according to Novak, and around 57% of its export revenues. He said Moscow remained open to other buyers. \* _“There are a lot of people who want to buy Russian oil. These are Latin American countries, African countries, and other countries of the Asia-Pacific region,” he said._ US & West oil sanctions have proved ineffective. And the EU is buying refined oil products made from its crude. ---
**Author:** ![Leap1](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/leap1/32/72176_2.png) [@Leap1](https://discussion.fool.com/u/Leap1)\ **Post date:** [December 29, 2023, 8:15pm UTC](https://discussion.fool.com/t/russia-sanctions-india/99966/2 "2023-12-29T20:15:49Z")
> [@tjscott0](#): > > US & West oil sanctions have proved ineffective. And the EU is buying refined oil products made from its crude. The Western Cartel prices Russian oil at about $70 bbl. This is a major cut into Russia profiting off of its oil. That is what matters. Why disrupt everyone else’s business? ---
**Author:** ![rainphakir](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/rainphakir/32/1497_2.png) [@rainphakir](https://discussion.fool.com/u/rainphakir)\ **Post date:** [December 30, 2023, 12:12am UTC](https://discussion.fool.com/t/russia-sanctions-india/99966/3 "2023-12-30T00:12:39Z")
Firstpost , an Indian YouTube site, has noted the same thing. YouTubers Peter Zeihan and Joe Bloggs disagree, having opined that the Russian economy is on dire straits due to the collapse of oil earnings. Since the issue with India (and China) refusing to “honor” the sanctions against Russia, is now out in the open, will the US and West be able to more openly apply sanctions against “parts” of India (and China) to nudge them to stop supporting Russia? Wanting some 🔆 ralph ---
**Author:** ![jerryab2](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/jerryab2/32/3274_2.png) [@jerryab2](https://discussion.fool.com/u/jerryab2)\ **Post date:** [December 30, 2023, 12:29am UTC](https://discussion.fool.com/t/russia-sanctions-india/99966/4 "2023-12-30T00:29:09Z")
> [@rainphakir](#): > > will the US and West be able to more openly apply sanctions Interference with ship-to-ship tranfer of oil at sea carries risks, such as massive pollution at sea. Blockade the ships carrying the oil from Russia is possible–but same/other problems as well. War by another name… ---
**Author:** ![rainphakir](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/rainphakir/32/1497_2.png) [@rainphakir](https://discussion.fool.com/u/rainphakir)\ **Post date:** [December 30, 2023, 12:54am UTC](https://discussion.fool.com/t/russia-sanctions-india/99966/5 "2023-12-30T00:54:46Z")
> [@jerryab2](#): > > Blockade the ships carrying the oil from Russia is possible– Peter Zeihan opined a few days ago, that the Houthis terrorizing ships passing through the Red Sea, would cause VLCC to go around Africa’s Cape, and that smaller oil carriers that are transporting Clandestine Russian oil would NOT be able to make that trip… Resulting in Clandestine Russian oil NOT reaching India, China, or the developing south sea nations that so desperately need cheap Russian oil. If so, maybe the Houthis (Iran) have done the world a favor? The US led coalition will put military ships in the Red Sea which can intercept the Clandestine Russian oil. These ships and oil might be confiscated and the wealth diverted to appropriate ports for use in paying for more military support for Ukraine? 👍 ralph sees a win win win! ---
**Author:** ![tjscott0](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/tjscott0/32/1083_2.png) [@tjscott0](https://discussion.fool.com/u/tjscott0)\ **Post date:** [December 30, 2023, 5:58pm UTC](https://discussion.fool.com/t/russia-sanctions-india/99966/6 "2023-12-30T17:58:39Z")
> [@rainphakir](#): > > will the US and West be able to more openly apply sanctions against “parts” of India I don’t think so as India is part of the anti-China pressure. They are spending a lot of money to increase the size of their navy to counter balance China naval forces. > **['Deter China from military adventurism': Why India is bolstering its naval power](https://www.abc.net.au/news/2022-09-11/india-aircraft-carrier-vikrant-counter-china-indo-pacific-region/101407062)** > > While India remains the dominant naval power in the Indian Ocean, the region's other rising power, China, is also increasing its maritime forces.  > **[The 5 Most Powerful Navies of 2030](https://nationalinterest.org/feature/the-5-most-powerful-navies-2030-16723)** > > Will America still be number one? What about China? Or India?