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© 2022 AFPRussia's Lavrov praises India's stance on Ukraine
By Abhaya SRIVASTAVA NEW DELHI©2024 GPlusMedia Inc.
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© 2022 AFP
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Skeptical
How do you say, "strategic ambiguity" in Hindi?
Bob Fosse
By finally you mean nothing is actually happening yet, still, again.
But feel free to explain how trade deals between India and Russian will impact the USD.
EvilBuddha
India operates 250 Su-30 fighter jets made in Russia and also 7 Kilo-class submarines.
Russia and India have jointly developed supersonic missiles and Russia will also lease a nuclear submarine to India. The US will make those kind of special concessions only for its special allies in the Anglosphere like UK and Australia. (read 'white mans coterie')
India should now look at expediting a rupee-rouble mechanism to make it easier to import Russian oil on the cheap.
'Strategic ambiguity' is translated to 'saamarik aspashtata' in Hindi. And 'white mans coterie' is translated to 'gorey ki mandli'.
stormcrow
Russia's Lavrov praises India's stance on Ukraine
And what is India's stance on Ukraine?
Say nothing, do nothing and make cheap deals for Russian oil paying for it with blood money. Quite shameful. The same holds true for China.
Rodney
Good on India! don’t be bullied.
Now just improve human and women’s rights, and you are getting there.
Laguna
Read somewhere that some 90% of Russia's rough diamonds are finished in India, mostly by poor craftsmen. Cutting off the diamond trade has been difficult as most of the "value added" occurs in India and thus the finished diamonds are considered Indian. I do feel sorry for the craftsmen, but as they say, when elephants fight, it is the grass that is trampled.
venze
US tells India there will be "consequences" for dodging Russia sanctions - US issued the warning on the day Russian FM arrived in India:
India is one of the 4 members of the supposedly strongly united QUAD, now it appears distancing itself from US.
Is QUAD finished..?
Khaos
@venze
QUAD is not an anti-Russia thing, it's an anti-China thing, so I don't think it's finished. But, the US is consistently showing it's true imperial globalist colors lately, and that definitely doesn't fly well with India as far as I know.
nandakandamanda
If this is the same Lavrov, quote yesterday from Sky news: Mr Lavrov, speaking on sanctions imposed on Russia, also said: "I have no doubt that most countries on Earth understand what is going on and understand the inadmissible manner which has been demonstrated by our Western very unreliable partners.
"As regards to the Ukrainian position on the developments in Ukraine, you called it a war which is not true.
"It's a special operation which is being conducted with maximum attention to be paid not to provide any damage to the civilian infrastructure.
"The military infrastructure is being targeted and the aim is to deprive the Kyiv regime from presenting any threat to Russia."
Perhaps something was lost in translation. (?) I’d hate to think he was telling outright lies.
The Avenger
Jaishankar emphasized the importance of a cessation of violence but avoided condemning Russia’s invasion of Ukraine.
Since Russia has NOT seriously engaged in dialogue and diplomacy, let alone respected international law OR Ukraine's territorial integrity, that's about as close to a rebuke as you'll get from India.
venze
@Khaos : You are correct to an extent.
Modi is supportive of Putin, Xi's close ally but Biden's foe..
Nonetheless, despite being a long time 'friend' of US and a member of Quad, Modi chooses to be aloof.
Smart, real smart..
nandakandamanda
Putin talks about ‘unfriendly’ nations, but I hope he doesn’t think that all those like India and China sitting on the fence are ‘friendly’.
A true friend tells it like it is. In that sense maybe the West is the real friend of the Russians.
FizzBit
Nice to read some real journalism here without any pro west or US slant. I think some don’t even notice it anymore. Well, there’s always tomorrow. I’m guessing we’ll have some article about India’s “mistake” by the AFP or AP, or whatever.
Asakaze
@Bob Fosse
De-dollarization of their trade (say hello to the all mass of the green paper going back to its country of origin). Subsequent immunity of their economies and financial systems from outside (U.S.) pressure like sanctions.
@The Avenger
Actually it was Russia who tried its best, by all its attempts with dialogue and diplomacy, to stop the bloodshed at Ukraine since 2014 (Minsk peace agreements), but all these attempts were futile due to the stubborn refusal of the Ukrainian regime (with full support of its NATO cheerleaders) to abide by the agreements.
Laguna
Cool. You can go with that, but there are two reasons why that is NEVER going to happen:
China is the largest overseas holder of US debt. Guess what if they try to sell it off instead of waiting for maturity - it plunges in value! Which means they get pennies on the dollar for their investment and it doesn't really hit the US because China has already bought it. Granted, this might hit future sales, but the damage occurring to China would far outweigh that to the US. It will never happen.
No international monetary transference system beats those set up by the West, exemplified by Swift. Sure, China's got some alternatives, but not only are they technically deficient and not recognized by many countries and companies, their adequacy (would you really want to pump what is likely ill-found gains through one of the most corrupt countries globally?) will ensure it's only used by those who have no other choice.So, No: It is not de-dollarization. It's re-dollarization. Put a gun to my head and I'd go for Bitcoin over BRIC currencies.
RichardPearce
Something that gets overlooked in the whole question of whether the 'sanctions' against Russia are not only going to rebound onto the Imperium in a spike of inflation and unemployment, but also by the end of the greenback monopoly is that both Russia and China have spent most of the last decade dumping their greenbacks and their holdings of American debt. And in both those countries, the oligarchs/1% don't have the stranglehold on politics they do in the US (Putin's popularity and approval ratings are high enough that even a sustained effort by them to shovel money onto the political scales won't pay off in enough of a swing between elections to cause him problems governing, and the CCP doesn't swing around money, either) and have been buying THINGS (land, bling, and corporations) not greenbacks.
And while the too trendy to think folks might complain about the absence of Apple phones, the serious chipheads and the 'does it work' crowds are just as likely to have a Huawei phone in their hands.
Add in that everyone knows that the cost of the greenback is inflated, and America's belligerence and willingness to use the greenback as a political weapon, and the stage is set for a sidelining of the greenback.
Asakaze
@Laguna
It WILL happen, even in our generation. For two reasons:
May be. But Swift does not have any unique technological traits that can not be replicated. It's just an information transmitting system, very convenient - yes, but there is nothing unique in it. It is a matter of habit for banks, nothing more. Many Russian banks that cut off from Swift now use another system, as well as many foreign banks. May be it is not so convenient right now, but it works now and will become better. And the bigger the U.S. pressure is, the more other banks will join the new system.
Really? Seriously? Then why dollar's share in world's reserves is now at 25-year low? By the way, about Swift: last autumn euro replaced dollar as the top currency in its transactions. With the Ponzi scheme of American national debt and the whole financial system, what "re-dollarization"??
Olegek
Unfortunately we can't say the same thing about relations between Russia and Japan.
But each nation made its own choice