So I’m sure you would have all seen U.S. President Donald Trump this week urged the European Union to impose tariffs of up to 100% on India and China to stop them buying cheap Russian oil.
A move that the U.S. administration said it would also match in an approach designed to ratchet up pressure on Russian President Vladimir Putin to talk seriously about peace in Ukraine.
This makes sense in many ways, as we all know – stop the flow of oil money, increase economic problems for Putin and force him to the peace table.
So far, so good…. and yet the accusations of double standards soon started flying out of New Delhi and elsewhere, and it’s fair to say India and other buyers of Russian commodities have a fair point.
Part of the problem is having the adequate supply of infrastructure to bring other kinds of energy sources into Europe, according to Italgas CEO Paolo Gallo.
