Donald Trump fury leaves Anthony Albanese in awkward position
How much is this? Australia has purchased an oil worth $ 10 billion worth $ 10 billion from Indian refineries since her decision to increase the pressure on Russian President Vladimir Putin in January 2023.
This estimate comes from the Energy and Clean Air Research Center (CREA) that follows the change in the oil market every month.
‘Every liter of Russian oil represents blood money… Missile strikes in the cities of Ukraine, the destruction of civilian buildings and the income that makes innocent people constantly suffering’.
Katerynna Argyrou, Australian Ukrainian Organizations Federation
China emerged as the greatest buyer of Russian energy, in another aspect of the “unlimited” partnership, Putin agreed with XI in February 2022 three weeks before the tanks entered Ukraine. According to Crea, China has purchased China oil, gas and coal € 187 billion – approximately 335 billion dollars – since the EU boycott in February 2023.
India is in India. Their purchases were worth 102.5 billion or about $ 183 billion. This is a major change before the occupation of the country that the country purchased very few Russian oil.
Crea estimates that Australia has purchased $ 6.4 billion – approximately $ 10 billion – about $ 10 billion – from India since the EU boycott. All of this refined product from India is not taken from Russia, but Russian shipments have become a very important share of the total.
Therefore, Australia has a decision to make when Trump opens India. Does he participate in his criticism? Will he blame India for helping Putin?
Anthony Albanese is in a car with Narendra Modi, an Indian counterpart before the fourth cricket test among the nations in Ahmedabad in March 2023.Credit: Alex Ellinghausen
This is a dilemma for Prime Minister Anthony Arbanese, who justified the use of tariffs as a political weapon. Albanian has a good relationship with modi, which hosted his home in the Golden Back War in the Golden Rear War in Ahmedabad in 2023.
But helping Russia opposes everything Albanian’s war in Ukraine. Australia has helped Ukraine to help about $ 1.5 billion for the last few years. But he spent much more on Russian oil.
Vaibhav Raghunandan, a Crea analyst in Amsterdam, says, “Australia has a clearly an oral ally of Ukraine and provided numerous human and military aid.”
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“At the same time, you make it easier for them to receive tax revenue from the sale of oil they put in their army by allowing Russian income to sell oil and then put it in the army. Remember, it consists of the income obtained from oil and gas between one third of the Russian federal budget.”
Most of them are an convenience marriage for Indian refineries, because they buy the spot in the market and make handsome snow. The boycott forces Russia to sell a discount, so the oil sold $ 65 as barrels in June, while Brent Hamır sold US $ 69.50. Indian refineries are developing from this $ 4.50 arbitrage.
Two major refineries have long -term relationships with Russia. First, in Nayara, 49 percent belong to the Russian oil company Rosneft. In Jamnagar, the other belonged to Reliance Industries and signed a 10 -year contract with Rosneft last December.
Trust is ruled by Modi and a strong supporter of its government, a billionaire Mukesh Ambani. Forbes predictions Net value is 105 billion dollars. When Trump imposes sanctions on India due to oil trade, it creates problems with one of India’s corporate giants.
Which four partners should support Albanian – Trump or Modi?
India can force it. Economists think of the country and economy can continue to grow Under Trump tariffs, they may have to recalculate if the ratio jumps.
However, Australia has to make its own decision on the sanctions it claims to be applied to Russian exports. Should he try to stop buying Russian oil through India?
‘We result in Russian oil’
Mark Corrigan, an Australian chemical engineer working in oil refineries and has been studying the market since the occupation of Ukraine, says that Australia is based on dozens of refinery, but is one of the largest of Jamnagar. He estimates that the Australian market has completed about 10 percent.
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“I was completely convinced that we resulted in Russian oil, or he says.
The Australian Federation of Ukrainian Organizations wants Albania to directly raise the problem with the Indian government to stop the use of the Russian raw.
“Every liter of oil refined from Russian oil represents blood money, Kate says Kateryna Argyrou, the Federation’s chair, says. “It is income that enables missile strikes to the cities of Ukraine, the destruction of civil buildings and infrastructure, and innocent people to constantly suffer.
“If we are really determined to cut the roads that the Kremlin finance the genocide war against the Ukrainians, we can’t look in another direction.”
Australia cannot be sure of the Russian oil ratio in every tanker from India. But he cannot reject concerns. Without a more strict oil boycott, Putin will receive a share of cash every time he touches a payment machine to an Australian gas station.
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