I believe India sells Europe the refined petrol and diesel made from Russian crude oil. So that era already started a while back. 😂

Good for India’s refining industries.

It’s the natural gas piped via Ukraine which they are switching off.

Great move if you don’t care about price.😜

“Europe is rich countries. Pay more no problem yes? Sell off your assets if you need money!”

They neglected to mention the price of switching off Russian pipelines to use liquified natural gas from US and Qatar is significantly higher.

This will hit Europe particularly hard because it was already finding energy costs quite high when the pipeline gas was still flowing.

The economist “logic” is that when I charge you $1 for a banana I took off the banana tree, the economy grew $1.

But because my rent is more than $1, we get the UK economy.