What a good move from MODI :
Alors que se tient, jeudi, un sommet virtuel des Brics, Vladimir Poutine a affirmé la volonté de la Russie de renforcer sa coopération économique avec le Brésil, l'Inde, la Chine et l'Afrique du Sud. Le pays entend « réorienter de manière active ses flux commerciaux et ses contacts économiques...
www.latribune.fr
"But Russia has not said its last word and to mitigate the economic consequences of these sanctions, the country is now turning to the Brics (Brazil, Russia, India, China and South Africa). Moscow is "actively redirecting its trade flows and external economic contacts towards reliable international partners, above all towards the Brics countries", explained Vladimir Putin, on Wednesday, addressing participants at the Brics Economic Forum on the eve of a virtual summit of these countries.
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Increase in cooperation, especially on oil
In detail, the head of state affirmed Russia's willingness to develop with its Brics partners "alternative mechanisms of international transfers" and an "international reserve currency" to reduce dependence on the dollar and the euro. Already in 2015, Vladimir Putin had ratified an agreement on the creation of a common reserve fund for the Brics and signed by them to overcome the domination of the United States on international financial institutions.
He also announced that "talks on opening Indian retail chains in Russia and increasing the share of Chinese cars (...) on the Russian market are underway". "Russian oil deliveries to China and India are increasing. Agricultural cooperation is developing dynamically", as well as the export of Russian fertilizers to the Brics countries, according to the Russian president. Beijing's imports of Russian oil jumped by 55% in May over a year, according to official figures published by Chinese customs on Monday. Specifically, 8.42 million tons of oil were purchased by the Asian giant, much more than imports from Saudi Arabia, usually the first supplier of the country. Indian imports are also growing strongly. The country and South Africa abstained from voting on a UN resolution condemning Russia's invasion of Ukraine.
Translated with
www.DeepL.com/Translator (free version)
For those who haven't been following : the BRICS are being dragged around the world at the moment and in particular India which is coming out of a bunch of meetings in QUAD format with Australia and especially the US.
This article misses the point. India by not choosing its side allows a lot of other countries to follow its example. It is not only the BRICS but also the ARABBIC and African countries. India will find itself at the interface of the bad guys and the good guys and is already starting to feel the economical effects.
But this strategic gain is going to have to be defended in particular against China which is not going to appreciate finding itself facing a new economic giant directly on its border.
This is exactly what I predicted and what I hoped for. India does not want to take a stand and is dragging a lot of countries behind it. As a result, it will become a world power, at least in economic terms. It seems that France has chosen the right horse.
I really thanks MODI and India to hold this position.