Thread by @seshanm

#SweetSpotHotSpot
If the Russia Ukraine worsens and Russia gets the worst of it, things could unravel very fast for oil & defence equipment dependent India... theprint.in/opinion/global…

"Fact is, US-China trade has soared by 28.7 per cent to $755.6 billion in 2021, despite the pandemic and US tariffs,.... first is the ASEAN bloc, followed by the European Union. China-EU trade amounted to $828 billion in the same year, up 27 per cent from the previous year."

"Wang Huiyao of the influential Center for China & Globalization " Russia may possess a mighty military, but its economy is in long-term structural decline…It is worth remembering that China’s economic interests with Russia are dwarfed by those it shares with the West.”

"“President Biden has just reiterated that the US does not seek to have a new Cold War with China, to change China’s system, or to revitalize alliances against China, and that the US does not support ‘Taiwan independence’ or intend to seek a conflict with China.”

"“I take these remarks very seriously,” Xi was quoted to have said."

Meanwhile, the European Union is dependent on Russia for 40 per cent of their natural gas, 35 per cent of crude oil and 47 per cent of coal."

"While Germany has capitulated to the US demand to shut down the NordStream gas pipeline from Russia, Europe’s dependency on its eastern neighbour remains to the tune of $1.1 billion daily."

If Biden understands Germany's compulsions, he HAS TO UNDERSTAND INDIA'S