OK ok. So I meant that they invaded them financially. This actually is very important because it means several things. The sanctions used against Russia will not work because Putin is committed to maintain Russia’s position as Gas Pump to the World. And there are many willing partners that unlike America think much farther ahead to their commodity futures. This shift east so to speak will force Europe to shift hard west. I am unclear whether Russia is preparing to cut lose Iran and Syria. I think not because they really value their deep water port, but it may be forced upon them.
Russia offers India crude oil supplies, stakes in blocks
NEW DELHI: As the US and Europe try to isolate Moscow over its action in Crimea, Russian President Vladimir Putin’s trusted lieutenant Igor Sechin today courted top Indian officials, offering to ship its vast crude oil reserves and stakes in oil and gas acreages.
Sechin, who heads Rosneft, Russia’s biggest oil company, led a delegation of about two-dozen officials to meet Oil Secretary Saurabh Chandra seeking to expand ties with New Delhi
“India is a very important country for Russia. We have a very efficiently run project with ONGC…now we want to expand our cooperation,” Sechin told PTI after the meeting.
The Russian state oil major offered Oil and Natural Gas Corp (ONGC) a stake in nine offshore oil and gas blocks in the Barents Sea and one in the Black Sea.
“We are (also) looking at supplying crude oil to Indian refineries,” he said, adding that Rosneft produces 200 million tons of crude oil a year.
Go there and read. More next week.