Russia Starts to Panic - Joe Blogs

[TexasTowelie]

In today’s video, we look at President Putin’s visit to India — a trip that Moscow hoped would reassure Russia at a time when its oil exports are under real pressure. We start with the visit itself, how Putin was received in New Delhi, and what was actually announced, including the new 2030 economic roadmap, energy cooperation pledges, and expanded defence and industrial agreements.

We then step back and look at the wider relationship between the two countries. India has been one of Russia’s biggest buyers of oil since the invasion of Ukraine, and I’ll show the latest Bloomberg charts tracking how those purchases surged — and why they’re now falling.

From there, we examine the sharp drop in India’s Russian oil imports. December volumes are already down, and January is expected to fall to around 600,000 barrels per day as sanctions on Rosneft and Lukoil hit India’s refiners. Some of India’s biggest buyers have already stopped dealing with sanctioned suppliers entirely.

Finally, we put this into context. Russia may want to project confidence, but India’s priorities are clear. Only around 1% of India’s exports go to Russia, while markets like the United States and Europe are worth hundreds of billions. India cannot risk those relationships for the sake of discounted crude — and that’s why Russia is starting to panic.

Chapters:
0:00 Intro
1:28 ARMS
2:53 OIL
5:26 TRADE
7:53 COOPERATION
11:22 VOLUMES
14:13 EXPORTS
15:44 SUMMARY & CONCLUSION