Russian crude delivered to India’s west coast is already at a premium of around $2.50 a barrel, while Brent is around $107 a barrel and the UAE’s Murban crude is near $119 a barrel.
India, China and Russia share more contradictions than congruence. Each has a different worldview, as also a different adversary. The rude fact is that BRICS is the most irrelevant of all such groupings.
COMMENTS