00:00How much infrastructure will play a role when India will, you know, think about this recalibration?
00:05Because the current infrastructure that we have, it is more adaptable for, you know, refining the Russian crude oil rather than the U.S. sweet crude oil.
00:15So do you think that it will also play a factor?
00:17Of course, see, these kind of decisions have a long gestation period.
00:21So to expect that overnight we will have our energy, you know, suppliers change is unrealistic.
00:30And also not from a country like India's perspective, which is a developing country, highly reliant on energy supplies for its economic growth, is not something that it can afford.
00:41So what any change is going to be a long term change because it would require policy change, infrastructure change.
00:47It would require a reorientation in its foreign policy, which India at this point is not willing to do.
00:52I think if today what Mr. Trump has done with India, if anything India, many in India would be much more comfortable saying that we need to build a solid energy partnership with Russia because who knows Mr. Trump and his, you know, he can change on a dime.
01:09So the unreliability of Mr. Trump, the unreliability of the Trump administration and the way they have proceeded on this issue will further, may further strengthen India's resolve to continue with Russia rather than decrease Russia.
01:24So I think what India certainly can offer America is that India, like in the past, can buy more energy from the U.S.
01:33And I think that's certainly something that India can afford and India can put as a bargaining chip on the table as the trade negotiations.
01:40I think we will have a clearer idea of the data, you know, by early December and then we can make some, you know, assertions in this regard.
01:50At this point, it's just too, you know, early and there is, I think whatever data we have does not purport to confirm Mr. Trump's view that India is doing it because he told India to do.
02:02I think India has been recalibrating for a while and India will continue to do it depending on the energy market.
02:08And of course, you know, we know that Prime Minister Modi had been in direct touch with the Russian president also.
02:15And he is supposed to visit India in November, sorry, in early December.
02:20So clearly, you know, we may see another deal with the Russians.
02:24I think largely Mr. Trump is doing this for his own place at home rather than because he needs to tell them that he has been successful on certain front and the Russia front, he clearly has not been successful.
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