Comment by sgift

2 years ago

I was also not very happy about India buying from Russia in the first place, but I've come around and see it as okay for two reasons:

- Russia still gets far less than they got from the European countries, because no one else is willing to take it, and Europe still gets part of the resources we need

- The money Russia gets is basically useless, cause so much Rupees are not freely convertible. They sit on a big stash of money that they cannot use to buy the things they need (cause they'd need Dollars or Euros for that)

I don't think the second part was intentional on Indias part (I believe them when they say they don't care about Europe - which is something we should remember in all future interactions. Fair trade? Yes. Favors for 'friends'? Not one), but it seems to work out well.