global economy fact-checks

What is being said? That boss, Russian oil is becoming more expensive for us. Because of the Iran war. And Russia is not giving discounts. Of course, it won't give, it has demand. I am saying that the situation will worsen. Rates will increase further. Because Russia's buyers are increasing. Until now, there were only two buyers for Russia, one was of course China, the other was India. India reduced it a bit in between, but we are buying it back forcefully. Forcefully, meaning the cargo that was going to China, that cargo is being rerouted and coming here. But South Korea. In 2022, when Russia invaded Ukraine, when it invaded. At that time, the entire Russian import coming there was completely stopped. But imagine what is happening right now. Your industry minister, of South Korea, is openly saying that we are talking to our industry and working out the possibilities of importing crude as well as naphtha from Russia. This is crazy. Why? Because think about it, India's total refining capacity for crude oil. Total. I'm not talking about Reliance, Indian Oil, BPCL, all combined. Whatever is produced. South Korea is 60% of that. It is one of the biggest refining forces globally. India is number five, they are number six. And when it comes to buying Russian crude oil, until now there were only two contenders. China, India. A third player is coming. And it's a big player. As I just explained, it's 60% of our size. So, what that implies is Russian crude for demand, it's going to increase tremendously, increase at a rapid pace. This is something very, very serious. And more people should know about it. Do you think this is an important point?