莫迪临阵倒戈，普京退无可退，半价石油涌入黄海，中国照单全收

Core Viewpoint - The article discusses the rapid shift in Russia's oil export strategy towards China in response to Western pressures and India's changing stance on Russian oil imports, highlighting the implications for global energy markets and geopolitical dynamics [1][2][3]. Group 1: Russia's Oil Export Strategy - Since December, a rare sight of at least five giant oil tankers filled with Russian crude has been observed in the Yellow Sea, waiting for Chinese buyers [1]. - The prices for these oil sales are significantly low, ranging from $30 to $35 per barrel, which is more than a 50% reduction compared to the current international oil prices of $50 to $60 per barrel [2]. - This drastic price cut reflects Russia's economic pressures, as energy exports have seen a sharp decline, with revenues dropping by over one-third year-on-year in November 2025 [3]. Group 2: Economic Pressures on Russia - Russia's economy heavily relies on energy exports, and any disruption poses a risk of systemic collapse, especially given the ongoing military expenditures related to the conflict [3][5]. - The need to seek buyers in China, even at a loss, demonstrates a strategic pivot to stabilize the economy amidst dual pressures from economic sanctions and military costs [5]. Group 3: India's Changing Role - India has been a major buyer of Russian oil, but recent U.S. sanctions threaten this relationship, prompting India to reduce its imports significantly, with projections indicating a drop below 1 million barrels per day by January [11]. - Modi's decision to align more closely with Western interests, sacrificing cheaper Russian oil for potential political gains, reflects a strategic gamble that may lead to increased domestic inflation [13][14]. Group 4: China's Strategic Advantage - China stands as the only major economy capable of absorbing the surplus Russian oil amidst Western sanctions, presenting a unique opportunity for both countries [13][14]. - The strategic partnership between China and Russia is reinforced as China accepts the low-priced oil, ensuring energy security while benefiting economically from the situation [14].