www.zerohedge.com BY TYLER DURDEN
The NATO-triggered war in Ukraine is having far-reaching geopolitical impacts, with winners and losers to be found thousands of miles from the Donbas.
At the South China Morning Post, Alex Lo argues the biggest winner is India, which has “played a masterful balancing act with Russia, the US and China, extracting significant advantages and benefits while offering few concessions.”
First, by pursuing a policy of neutrality on Ukraine, India has reaped an enormous economic benefit, paying bargain prices for oil, fertilizer and various other commodities. The shift in its petroleum sourcing is particularly striking: Since the war, India has gone from importing nearly zero Russian barrels per day to around 800,000.
