Vladimir Sedalishchev, Expert at the Economic Policy Foundation, commented to Vzglyad on Donald Trump’s threats to slap sanctions on buyers of Russian crude oil, saying that China has way more options to push back against US pressure than India. These countries are the main exporters of Russian oil.
Vladimir Sedalishchev drew attention to the double standards in US policy, pointing out that the US is pressuring the EU to abandon Russian nuclear fuel, while continuing to purchase enriched uranium from Russia.
Analyzing the resilience to potential pressure from the US, the expert emphasized the significant superiority of China’s economy over India’s: "Although India and China have roughly the same population of 1.4 billion, China’s economy is several times larger, for example, in terms of GDP — 4.5 times larger. The share of these countries in world trade differs even more: China accounts for about 15% of world trade, while India accounts for only about 2%. Therefore, India has far fewer opportunities to respond to unfriendly actions by the US and its allies."