India, China better positioned for Hormuz disruptions; Russian oil purchases likely to continue: Former Singapore Foreign Minister
New Delhi, Oct. 4 -- India and China are relatively better placed to withstand energy supply disruptions from the Strait of Hormuz due to diversified sourcing and stockpiles, while New Delhi is likely to continue buying some Russian oil despite potential US tariff pressure, said former Singapore Foreign Minister George Yeo, urging India to "make use of open source from China."
Speaking to ANI on the sidelines of 5th Kautilya Economic Conclave, Yeo said, Singapore's position as a major trade hub is unlikely to be fundamentally affected because of its strategic geography.
At the same time he added, "...both India and China are quite diversified, they have stock piles. So, they're managing as as best as they can."
As per Yeo, China is com...
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