Russia Offers India Help In Overcoming Oil Price Cap Imposed By West

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New Delhi: Russia has supplied India assist in overcoming oil charge cap being imposed via way of means of western international locations amid the strugglefare in Ukraine.

“In order now no longer to rely on the ban on coverage offerings and tanker chartering withinside the European Union and Britain, the Deputy Prime Minister of Russia Alexander Novak has supplied India cooperation on leasing and constructing large-ability ships,” the Russian embassy in New Delhi said.

Alexander Novak held a assembly with Indian ambassador to Moscow Pavan Kapoor on Friday, it said.In the primary 8 months of 2022, Russian oil exports to India grew to 16.35 million tonnes; withinside the summer, Russia ranked 2nd in phrases of oil shipments to India,” the announcement said.

Western international locations were important of India`s flow to preserve shopping for oil from Russia amid the strugglefare in Ukraine. While India has regularly known as for peace negotiations over Ukraine, it has stood corporation via way of means of its stand that it’ll preserve shopping for oil from anyplace it receives a very good deal.

The authorities does now no longer ask Indian groups to shop for oil from Russia however it’s miles a practical coverage to get the quality deal withinside the hobby of the Indian human beings, External Affairs Minister S Jaishankar instructed parliament on December 7.

We do now no longer ask our groups to shop for Russian oil. We ask our groups to shop for oil, what’s the quality alternative that they could get. Now it relies upon on what the marketplace throws up… Again,

please do understand, it is now no longer simply that we purchase oil from one country. We purchase oil from a couple of sources, however it’s miles a practical coverage to head wherein we get the quality deal withinside the pastimes of the Indian human beings and this is precisely what we’re seeking to do,” Mr Jaishankar had said.