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The war needs to end. It is a major disruptor of the economy and great driving force for inflation.
The Western alliance has supported Ukraine with America being the one carrying the heavier burden.
Sanctions on Russia are working and energy experts say the consequent lack of access to western technology and knowhow is gradually shrinking Russia’s productive capacity.
This is important because revenues from oil and gas are the dominant component of their federal budget. In 2021 they represented 45% of such budget.
But even at discounted prices, Russia continues to sell its oil.
And who are the major purchasers? China and India.
Judging by the bar graph in a recent article in the WSJ (see link below), China and India appear to account for over 65% of such purchases.
So why not put sanctions on those two countries?
By their purchases they are helping prolong the war and so the killing of Ukrainians.
They are fueling inflation and all its devastating consequences.
Will India get upset with the West if sanctions are applied? Most likely. But what alternatives do they leave us? The cost of the war is too high and they have become war profiteers.
The war in Ukraine affects everyone and India and Modi are not accepting their responsibility in bringing it to an end.
Over the years they chose to purchase their weapons from Russia instead of the West, so they, too, got fooled by his Highness Vladimir.
They may take some…
