| Submit your comments on this article |
| India-Pakistan |
| New India-Russia currency swaps bypass US sanctions, skip the dollar; India and China move toward normalized relations, deepen trade ties |
| 2022-03-24 |
| [Asia Times] |
| Posted by:Slineling Chusong5031 |
| #28 According ti Wikipedia: Remittances to India stood at US$68.968 billion in 2017 and remittances from India to other countries totalled US$5.710 billion, for a net inflow of US$63.258 billion in 2017.[3][4][5] As per the Ministry of Overseas Indian Affairs (MOIA), remittance is received from the approximately 35 million members of the Indian diaspora.[6] |
| Posted by: trailing wife 2022-03-24 23:59 |
| #27 Rounding error in number of people, to be sure. But how much money do they send home, money that they would not be able to earn in India? Remittances from legal and illegal Mexican expats in the US are a significant portion of the Mexican economy. Ditto remittances sent home to Egypt from expats and the Egyptian diaspora. |
| Posted by: trailing wife 2022-03-24 23:57 |
| #26 without all the money those H1B's make when we cancel their visas and send them home Typical American ignorance. The 330,000 Indian H1B's are a rounding error for one of the largest economies in the world, with 1,330,000,000 people |
| Posted by: Herman Slack4657 2022-03-24 23:42 |
| #25 ^ I like that! |
| Posted by: Skidmark 2022-03-24 23:19 |
| #24 Don't like the US? Fine, let's see how you get along without all the money those H1B's make when we cancel their visas and send them home, and start onshoring the jobs that have been exported to India. I think they dont realize just how small an economy they are tying up to, and how much being dumped out of the US would cost them. |
| Posted by: Chealing Chomotle4158 2022-03-24 19:07 |
| #23 A fair answer, for which I thank you. But if I may press you a bit, would you support these sanctions? |
| Posted by: Matt 2022-03-24 19:03 |
| #22 I have no position on that war. But I do have a deep seated aversion to US sanctions. |
| Posted by: Slineling Chusong5031 2022-03-24 18:41 |
| #21 Does India support Russia's war on Ukraine? You are free to interpet the word "support" with as much nuance as you choose. Do you approve of the shelling of Mariupol? Again, you are free to intepret the word "approve" in a non-American nuanced way. Just tell me if you have a position on the Ukrainian war, and give me some clue as to what that position might be. Educate me. I want to hear what you have to say. |
| Posted by: Matt 2022-03-24 18:30 |
| #20 India is not a US ally and never has been. Americans' attitude of "either you're with us or you're against us" blinds them to all sorts of distinctions |
| Posted by: Slineling Chusong5031 2022-03-24 18:07 |
| #19 It seems no matter how bad the US treats it's "allies," they always come back for more. Sugar, that is... |
| Posted by: M. Murcek 2022-03-24 18:01 |
| #18 India has bitter experience of US sanctions. They were imposed on us in 1998 and they only succeeded in driving us further away from the US. Listen to the US Ambassador to India (2004-2009), David Mulford, in this discussion from a week ago, "The Strategic Value of India." At the 40th minute. Ambassador Mulford says, "The effect of imposing sanctions on India for its nucular [sic] weapons testing program was a very hard experience for us [the U.S.] ... You cannot have a policy of dictation toward India. India is a sovereign state. It takes its sovereignty very very seriously." If only more Americans thought this way. |
| Posted by: Slineling Chusong5031 2022-03-24 18:00 |
| #17 It is being run by people whose mission seems to be to run it and all its allies into the fucking ground. Why the conservatives at this site have such a new found loyalty for the Biden non-presidency is beyond me. As I keep pointing out to the Antiheroes with a Thousand 'Nyms, they're the only people who think Joe Biden is actually fighting against Putin. |
| Posted by: Thing From Snowy Mountain 2022-03-24 17:39 |
| #16 For us it's not a "diversion." Your stupid policy will literally kill millions of innocent people in the global South who want nothing to do with the West's civil wars. It's not our business or our problem. Why are you dragging us into it? |
| Posted by: Slineling Chusong5031 2022-03-24 17:36 |
| #15 The discussion of western sanctions is just a diversion from the fact that Putin launched a disastrous war that is killling both Ukrainians and young Russians. Here's a fine looking young officer. Western sanctions didn't kill him -- Putin did. I feel for his loved ones. Why did he have to die? Stop the war. Or at least send the children of the siloviki and oligarchs to fight it. |
| Posted by: Matt 2022-03-24 16:07 |
| #14 Sanctions on Russia are the stupidest policy imaginable America's foreign policy is like a senile elephant, trampling everything in its path and shitting all over the place. The rest of the world are forced to clean up afterwards. Ukraine has nothing whatsoever to do with India, yet Indians are now being punished with the fallout from Biden's foolish sanctions. To hell with him and them Indians tighten belts as Ukraine war drives up prices of necessities Consumers in India are battling the first hikes in five months this week in the prices of diesel and petrol, as well as more expensive vegetable oils. Many Indians are cutting down on fried food and even vegetables as the Ukraine war inflates the prices of items from edible oils to fuel, threatening a sputtering recovery in the consumption-based economy after two years battling Covid-19. Consumers in Asia's third-largest economy are feeling the bite as companies pass on a surge in costs since the invasion, battling the first hikes in five months this week in the prices of diesel and petrol, as well as more expensive vegetable oils. "God only knows how we will manage this level of price rise," said Indrani Majumder, the sole earner in a family of four in the eastern city of Kolkata, adding that the past two years of the pandemic had brought a halving in salaries. |
| Posted by: Slineling Chusong5031 2022-03-24 14:02 |
| #13 oblivious to the consequences of cutting off major commodities and countries from our own currency and systems (SWIFT.) Perhaps not. How the SWIFT System Works |
| Posted by: Skidmark 2022-03-24 12:41 |
| #12 China and India are the #1 and #3 economies in the world, both of them growing much faster than the US. The countries that refuse to join US sanctions comprise most of the world's GDP and over 80% of its population. Sanctions on Russia are the stupidest policy imaginable |
| Posted by: Jans Big Foot3879 2022-03-24 12:11 |
| #11 With India and China, you have 30% or so of the entire population of the world. And two rapidly growing economies. The dumbest businessman knows you don't encourage the competition. But the current administration, having never run anything in its life, is oblivious to the consequences of cutting off major commodities and countries from our own currency and systems (SWIFT.) |
| Posted by: Tom 2022-03-24 11:55 |
| #10 the oligarch rats fleeing Russia are Jewish. They're flying their private jets to and mooring their yachts at their Israeli safe haven Yes, for three decades Israel has been a haven for filthy money stolen from Russia and Ukraine. The US is finally starting to pay attention U.S. Growing Alarmed Over Israel's Safe Harbor for Russian Oligarchs |
| Posted by: Thumper Squank7020 2022-03-24 11:49 |
| #9 Abramovich, Fridman, Aven... Putin's Oligarchs' Rush for Israeli Luxury Rentals, Preferably in Cash As sanctions following the Ukraine war start to bite, Russian oligarchs are looking for homes to rent for $30,000 to $50,000 a month, usually in the Tel Aviv area |
| Posted by: Mad Eye Clineque8258 2022-03-24 11:38 |
| #8 Western governments sanction Putin’s inner circle, Israel and various Jewish organizations are more hesitant. Of course they realise they could be next. The US is not being run by conservatives or democrats or any distinction of political leadership you have seen so far. It is being run by people whose mission seems to be to run it and all its allies into the fucking ground. Why the conservatives at this site have such a new found loyalty for the Biden non-presidency is beyond me. |
| Posted by: Cthulhu of Ryleh 2022-03-24 11:36 |
| #7 To some people, it's Terkels all the way down. They are confusing correlation and causation. |
| Posted by: M. Murcek 2022-03-24 10:58 |
| #6 The Jewish World’s Ambivalence About Russian Oligarchs As Western governments sanction Putin’s inner circle, Israel and various Jewish organizations are more hesitant. |
| Posted by: Black Charlie Ebbaing4173 2022-03-24 10:46 |
| #5 All the oligarch rats fleeing Russia are Jewish. *trigger warning* |
| Posted by: Procopius2k 2022-03-24 09:58 |
| #4 Think again. Try Israel. All the oligarch rats fleeing Russia are Jewish. They're flying their private jets to and mooring their yachts at their Israeli safe haven As Israel avoids sanctioning oligarchs, 14 private jets arrive from Russia |
| Posted by: Vespasian Omereque5237 2022-03-24 09:39 |
| #3 Exactly. Russians should sell their palatial accommodations in New York, London, and Biarritz and move to India where they will be more welcome. |
| Posted by: Matt 2022-03-24 09:26 |
| #2 Michael Kugelman, senior fellow for South Asia at the Wilson Center in Washington, DC, says India’s stance is a consequence of its special relationship with Russia. “New Delhi has long viewed Moscow as its most reliable and trusted partner, a perception shaped by many decades of friendship, going back to the early years of the Cold War. Indian leaders often speak of Russia as India’s closest and most reliable friend, a country that has never had any sort of crisis with India. And they see it as a country always willing to help India out on the global stage, including at the UN, where Russia’s voting patterns on issues like Kashmir have supported India.” According to Kugelman, India’s Cold War nostalgia towards Russia continues to weigh in in their relationship. “It boils down to a simple calculation: Russia has our back and we will have its back as well,” he said. |
| Posted by: Spats Barnsmell1588 2022-03-24 08:50 |
| #1 Don't do it halfway. Putin should moor his yacht in one of India's many ports, as a symbol of the new trade ties. And as collateral. |
| Posted by: Matt 2022-03-24 08:38 |