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    Posted May 20, 2014 by
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    Putin loses trading partners

    Opposition Indian People’s Party (Bharatiya Janata Party, BJP) headed by Narendra Modi won the parliamentary elections. They managed to not only to overtake previous ruling party (Indian National Congress), but also to get the absolute number of votes. BJP has already achieved 288 parliamentary seats (from 543 overall), therefore it can govern the country without a coalition partner.

    “But why Russia is associated?” you could ask. If to saturate in a subject, we could realize that during the last Indian government Russian companies won the most tenders for supplies of military products, metallurgy and technological sphere. Despite their products are inferior in quality to other bidders. In a service sector Russia has also won a number of tenders for repair works. But what is a reason for such preferences? The fact is that several Russian businessmen cooperating with India, after Kremlin instructions were blandishing the previous Indian government. By means of billions dollars of bribes they were ramroding their projects.

    Narendra Modi has already announced that criminal cases had been initiated against these “businessmen”, and when he take his office on May 21 they would have launch criminal investigations.

    Europe imposed sanctions against the Kremlin, because of the situation in Ukraine and direct Russian involvement in escalation of conflict. The next step is the EU withdrawal from Russian resources. Russian “businessmen” lobbied for construction of the pipeline to India, but Indian’s new government announced disadvantages of this project due to its high cost and the price of gas and oil. It is much cheaper for India to buy oil from Iran.

    Moscow has previously announced with gusto that is going to build a pipeline to India priced at 30 billion dollars and there is already an agreement with Indian government. But Russia did not expect that officials which were corrupted by them could lose the vote.

    What is in the result? EU withdraws from Russian resources, China want to buy oil and gas from Russia only on its own terms (the price of gas and oil below the prime cost). India’s new government will not meet these unprofitable projects for its economics in favor of corrupt politicians.

    Energy recourses export is the main profitable sector for Russia and the Kremlin tries to diversify the supplies directions. But all the large markets shut the door in the Putin face.

    Only polar bears remain on the North Pole. But some says, that they have already announced in exclusive interview that are not ready to buy Russian gas and oil because of inadequate price and the pipeline will upset their ecological balance. Bears are going to continue buying recourses from Norwegian fishmen.
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