Interesting Narendra Modi’s Role in Crude Oil Crash Its true. Narendra Modi, the charismatic Prime Minister of India played his part in the global crash of Crude Oil. Let me explain why… Ever since he was elected the Prime Minister with a thumping Majority, he proclaimed that he would work closely with Russia. He started taking baby steps towards sourcing oil from Russia instead of relying solely on Iran and Arabia who were routinely over-charging Indians on Oil. Modi Negotiated with Russians and I believe the Russians even agreed to accept Indian Rupee for transactions. So on December 11, 2014 when Modi had invited Vladmir Putin to India, he struck a deal with Russia to import oil from them to the tune of US$ 40 Billion (USD 10+ Billion each year, about 61000 crores annually at present exchange rates) in the forthcoming years
Posted on: Sat, 17 Jan 2015 07:23:04 +0000