
Buy the Oil, Not the Trouble: Why India Must Avoid Rosneft & Lukoil
There are good reasons for India to continue sourcing oil from Russia, notwithstanding the latest American sanctions on Russia’s oil giants Lukoil and Rosneft. India has a stake in Russia retaining its great power status, for which Moscow needs to have continued access to its only all-season naval base in Sevastopol, Crimea. That, in turn, calls for Ukraine to stay neutral, rather than join NATO, and for Russia to have control of eastern Ukraine, through which run the land routes from Moscow or St Petersburg to Crimea. Buying Russian oil is not primarily about cheaper energy, as far as India is concerned.






