It is not some funny papers issued by the Wall Street.
India's intake of Russian crude oil has soared 50-fold since April and, to date, makes up a tenth of the subcontinent's imported oil, the Economic Times reported today, citing a senior government official. Some 40 percent of the total Russian oil imports are going into private refineries, the report noted. Earlier this month, data showed India's imports of Russian crude over the first quarter of this year alone were five times higher than all the Russian crude India imported in 2021.
What do you expect? Of course, between the food and the IOU from some drunk bum, most normal people will chose food--it is real, it is vital for survival and it might be even delicious. IOU? Unless one is on the paper-eating diet. In related news:
Germany is considering expropriating the German section of the Russia-led Nord Stream 2 gas pipeline project, cutting it off from the rest of the pipeline, and using the part on German territory for connecting to LNG supply that will come from Baltic Sea ports, German magazine Der Spiegel reported on Friday. The plan will likely escalate the gas row between Germany and Russia, Der Spiegel comments on the information, for which it didn’t cite sources.
Germany is free to do whatever she deems necessary, it is not going to change anything because German economy is dying and nothing can prevent it from doing so, especially now that the last iota of the even neutral attitude towards Germany (as a country, not individual Germans) is gone from Russia, and it is all for the better. Germany is the enemy of Russia and it is a very positive development--I repeat it not for the first time--that all illusions about some Russian-German "alliance" are gone. As is true for most of Europe. And this too, is for the better.