The Indian government is preventing Sri Lanka from buying oil directly from Russia at a third of the cost
“Before you study the economics, study the economists!”
e-Con e-News 01-07 May 2022
Tamilnadu MPs are foregoing their lunches to send aid to Sri Lanka. ‘Economic’ refugees are sailing from Sri Lanka to India (each having to pay Rs100,000 per ticket!). Drama queens shriek: a palimpsest script is on the boards! The staging of an alibi to reignite the exploding horrors of 1987 and after. A tragi-comedy is in the making – Welcome to Parippu.2!
In June 1987, the Indian government airdropped parippu (lentils) as a preliminary show of force against Sri Lanka’s advance to defeat the LTTE, 2 days after an Indian naval flotilla was intercepted by the Sri Lanka Navy. India trained these early terrorist units to wage war on Sri Lanka. Bloodbaths followed, south and north.
• Despite sanctions, CPC wants to buy oil from Russia
‘A Treasury official said they would proceed with the proposal
only after clearance from the Foreign Ministry was received’ – ee Industry, Despite
Engineering a fake energy, pharma & food ‘crisis’, India has forced Sri Lanka to sign military agreements on March 16, ‘without due notification to Sri Lanka’s parliament or public scrutiny’. The agreements allow Indian airforce and naval personnel to set up bases here, with a US maritime electronic spy network based in Bahrain also spanning 7 naval bases across the Sri Lankan coast, including in Hambantota. The incessant accusations against China are meant as diversions for the much-older designs that imperialists have long harbored themselves.
• India is using the international balance-of-forces, and the current political realignments in the country, to invade (or rachet up their invasion of) Sri Lanka. So suggests a Sri Lankan foreign-affairs official (retired) who is close to US-led NATO. Writing in The Island, she also implies India’s ‘neutrality’ on the NATO invasion of the Ukraine, could relate to their impending attack on Sri Lanka (see ee Focus, Whither?)
Points to Ponder: India is to officially station troops and an electronic spy network on Sri Lankan soil. Their media has been directed to keep pointing fingers at China instead, accusing China of ‘colonialism’ via debt bondage. The Indian government is also preventing Sri Lanka from buying oil directly from Russia at a third of the cost. Instead, they buy it, refine it, triple prices and sell it to us, to buy with loans from them, money which we will also owe them. And so they will also determine economic, particularly energy policy, by preventing Sri Lanka’s almost century-old attempt to achieve its own energy sovereignty.
This ee goes diplomatique, and examines the Chinese and Russian attempt to form a separate trading platform, and India’s role in the 21st century’s energy supply chains (Random Notes). ee also looks at Sri Lanka’s position in a world where India’s ruling sahibs, heirs to the largest colonial outpost of the English, attempt to reinforce if not manoeuvre NATO’s control of the ocean.
• One supporting actor in the current Parippu.2 drama is the current Sri Lankan envoy to India, Milinda Moragoda. Moragoda has been identified by Wikileaks and Sunday Times as a CIA agent. A grandson of interdicted Central Bank governor NU Jayawardene, Moragoda’s political career has been funded by the Exxon-owned Rockefeller Foundation, beginning with his TV talkshow, In Black and White, broadcast by superstar-maker & fertilizer-importer Maharaja Corp’s MTV (See Random Notes)
A fellow of the infamous Harvard Center for International Affairs, Moragoda was made the ruling UNP’s Minister of Economic Reform in charge of the Public Enterprise Reform Commission (PERC). Ceylon Petroleum Corporation (under Karu Jayasuriya, then Minister of Power & Energy) was then privatized and sold to IOC (a subsidiary of Indian Oil Corporation) in 2002.
Moragoda and Jayasuriya were also implicated in the 2002 fraudulent sale of Colombo Harbour’s Lanka Marine Service, owned by state-owned Ceylon Petroleum Corporation, to the conglomerate John Keells Holdings (who ee noted last week, hosted vulture trader Mark Mobius in 2019, demanding privatization of national resources).
• The early rounds of protests against the government were first bankrolled by the US-based oil industry (led by Rockefeller’s Exxon, etc) against the ban on importing fertilizer. A ‘food crisis’ is being blamed on the ban. Yet many countries who did not implement organic policies are experiencing even worse food shortages. The hidden story is this: Major agribusiness monopolies, led by the oil monopolies seeking greater profits, have been using the pandemic and NATO wars, to control and block supply chains in fuel & food & funds, devaluing currencies and hiking interest rates, pushing countries into default. (see ee Agriculture, Food for Profit: India’s Food Giants Consolidate Power: ‘Since the mid-2000s, subsidiaries of major Indian industrial conglomerates have entered the fresh-food supply chain: Reliance Fresh, Adani Agri Fresh, Bharti’s Field Fresh and others, increasing ‘collaboration with international agribusiness entities such as Cargill’)
In Sri Lanka, academics linked to such multinationals have formed a front out of the MNC fight against the imported fertilizer ban. For the last 74 years, they did not conceive of transforming an import-dependent agricultural and consumption-based society. They have impoverished the peasant, just like the English (see ee Agriculture, AMSA)
India, let alone Japan, the EU and the USA, do not wish Sri Lanka do go beyond being a provider of raw materials, and a market for their industrial goods.
‘Japan will retain and encourage the branches of the machine industry that yield high added value,
but production facilities which involve a low degree of processing and generate low added value should be moved to developing countries …
so that Japan can concentrate on high technology & knowledge-intensive industry.’
– Japan’s Council on Industrial Structure, 1977
(in SBD de Silva, The Political Economy of Underdevelopment))
continued on: eesrilanka.wordpress.com