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The American Empire in a Changing World



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Friday, May 25, 2012

'Four-way oil swap win-win for India-Russia'

From Russia & India Report

"Japan imports the bulk of its oil from the Gulf but this has to travel a long way. If Russia meets Japan's oil needs, what it would otherwise buy could go to India. Simultaneously, India must increase its exposure in Russia's energy sector. It'll be a win-win situation for India and Russia and the other players involved," Prabhat Shukla, joint director of privately-funded think-tank Vivekananda International Foundation.''

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