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Why is India still buying Russian oil despite sanctions?
India continues to purchase Russian oil because it offers discounted prices and helps meet its growing energy needs. Indian officials emphasize their long-standing energy cooperation with Russia and argue that their purchases are aimed at securing energy supplies, not supporting Russia's war efforts. This balancing act allows India to maintain strategic independence while navigating international pressures.
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Are Western sanctions hurting Russia’s economy?
Western sanctions have put pressure on Russia’s financial and energy sectors, but Russia has adapted by strengthening ties with countries like India and China. While sanctions have impacted Russia’s economy, especially in sectors like finance and technology, Moscow continues to export energy and maintain its influence in global markets through strategic partnerships.
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How is India balancing its relations with Russia and the US?
India is trying to maintain a delicate balance by continuing energy imports from Russia while strengthening its strategic and economic ties with the US and other Western countries. Indian officials emphasize their desire for peaceful relations and energy security, even as they navigate diplomatic pressures and sanctions from Western allies.
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Could sanctions lead to a realignment of global alliances?
Yes, ongoing sanctions and geopolitical tensions could accelerate shifts in global alliances. Countries like India and China are increasingly seeking to diversify their partnerships, reducing dependence on Western-dominated financial and energy systems. This realignment could reshape international relations in the coming years.
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What are the long-term effects of sanctions on Russia’s global influence?
While sanctions have limited Russia’s access to Western markets, they have also prompted Moscow to deepen ties with non-Western countries. Over time, this could lead to a more multipolar world where Russia’s influence is concentrated outside Western spheres, potentially diminishing its global reach but also fostering new alliances.