Manila, March 10 -- New government will plunge headlong into an economic crisis caused by the West Asia war
Amidst the euphoria in Nepal about the RSP's landslide victory, the party's future government, possibly led by Balendra Shah will plunge headlong into an energy and economic crisis sparked by the war in West Asia.
Nepal gets all its diesel, petrol, gas and aviation fuel from India and lacks a strategic stockpile to buffer against shortages. The United States has unsanctioned Russian crude oil to India for one month, but India will only export refined petroleum products to Nepal after meeting its own domestic demand.
"This conflict didn't develop overnight, yet we did nothing to augment our reserves. Clearly, we didn't manage procu...
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