Modi, whose Bharatiya Janata Party is currently in power in the South Asian nation, has been "playing a delicate balancing act between alliances with Russia and also with the West," according to economic researcher and writer F. William Engdahl. He described New Delhi as "critical economic partner" of Moscow amid sanctions imposed by the West over the latter's role in the Ukraine conflict.
"Despite repeated efforts by [the] Biden administration and U.K. officials, Modi has refused to join sanctions against Russian trade … [and] has repeatedly refused to join Washington in condemning Russia's [actions in Ukraine]."
Engdahl also pointed out how New Delhi under Modi has defied U.S. sanctions on Russian oil purchases in spite of threats from Washington. India is also a major long-time buyer of Russian defense equipment, often readied against its neighbors Pakistan and China.
According to Engdahl, Modi has stuck to a strict principle of neutrality in India – a policy that had been in place since the Cold War era. This proved to be of benefit, as India became a target market for Russian oil that the West has been turning away. Moscow became the Hindu-majority country's biggest supplier of crude oil, overtaking Iraq and Saudi Arabia.
In December 2022, India purchased 1.2 million barrels of crude oil from Russia daily – 33 times more than the amount it bought a year prior. Prior to the start of the Russia-Ukraine war, India only bought one percent of Russian crude. (Related: China, India buying Russian crude at 40% discount compared to EU nations.)
Moreover, New Delhi and Moscow are key members of the BRICS group – Brazil, Russia, India, China and South Africa – that seek to challenge Western dominance. The collective has proposed the use of a common currency to upend the dollar's role as the global reserve currency.
The first threat comes from the shadowy financial firm Hindenburg Research, which is believed to have ties with U.S. intelligence. It targeted billionaire Gautam Adani, a major financial backer for Modi who also hails from the prime minister's home state of Gujarat. A Jan. 24 report by the company accused Adani of manipulating stock values and improperly using offshore tax havens.
The second threat comes from Soros, a Nazi collaborator who has been involved in every color revolution since the 1980s. During the Feb. 17 Munich Security Conference in Germany, the Hungarian globalist ominously declared that Modi's days are numbered.
"India is an interesting case. It's a democracy, but its leader Modi is no democrat," said the 92-year-old Soros. He also alleged that "inciting violence against Muslims was an important factor in [Modi's] meteoric rise."
The globalist also commented on the Hindenburg Research report that exposed Adani, saying it was no coincidence.
"Modi and business tycoon Adani are close allies," Soros remarked.
"Adani is accused of stock manipulation, and his stock collapsed like a house of cards. Modi is silent on the subject, but he will have to answer questions from foreign investors and in [the Indian] Parliament. This will significantly weaken Modi's stranglehold on India's federal government and open the door to push for much-needed institutional reforms."
Engdahl saw things differently, however.
He noted: "Expect the coming months to signal a massive escalation of Western dirty trick operations to try to topple Modi and weaken the BRICS group of countries that are increasingly trying to oppose the dictates of Washington and Davos globalists."
Watch Harrison Smith of "The American Journal" as he talks about World Economic Forum Executive Director Klaus Schwab asserting superiority over Indian Prime Minister Narendra Modi.
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