Last month on February 24, Russia attacked Ukraine. All western countries including America are strongly opposing Russia for this attack. Under the pressure of this attack, Western countries have imposed very strict economic sanctions on Russia. At the same time, the US is pressurizing other countries of the world to break all kinds of trade ties with Russia.
US President Joe Biden has launched a campaign to unite the world against Russia’s invasion of Ukraine, but there is a rift between the two countries over India’s purchase of oil from Russia. India is in a position to ensure energy supply by increasing imports of Russian oil. Recently, it has purchased about 3 million barrels of crude oil from Russia.
Russia had offered cheap oil to India
Responding to this, the US has said that it is constantly in touch with the Indian leadership on this matter. White House Press Secretary Jen Psaki said that we are in touch with her on this matter. Of course, we will definitely keep you informed on any progress in this matter. Significantly, Russia last week offered cheaper oil to India and other countries after the US imposed sanctions on Russian oil and gas imports in response to military action on Ukraine.
India is not the only country in the matter of buying oil from Russia
While reacting to the oil purchase, India said that its legitimate way of buying energy should not be politicized and countries which are self-sufficient in the matter of oil or which themselves import oil from Russia cannot advocate restrictive trade. . However, India is not the only country to import energy from Russia. Many European allies of America like Germany are also doing this. This decision by these countries has hit Biden’s efforts to isolate the Russian economy by imposing sanctions.
Buying oil from Russia is not a violation of sanctions: Jen Psaki
India’s increased oil purchases from Russia could further strain relations between the US and India, indicated by India’s recent purchase of advanced Russian air defense systems. It is noteworthy that White House Press Secretary Jen Psaki said on Tuesday that accepting India’s offer to buy Russian oil at a discounted rate does not violate the sanctions imposed by the US on Moscow, but underlined that these countries should also One must understand where “they want to stand” in the midst of Russia’s attack on Ukraine.
Being an oil importer, consider all possibilities
Foreign Ministry spokesman Arindam Bagchi on Thursday did not rule out the possibility of buying oil from Russia at a concessional rate and said that it always considers all possibilities as it is a big oil importer. Talking to media persons, he said, “India imports most of its oil, its needs are met by imports. That’s why we keep on exploiting all the possibilities in the global market, because in this situation we are facing imports for our oil requirements.
Russia has not been a major oil supplier
Bagchi said that Russia has not been a major supplier of oil to India. When Bagchi was asked whether this purchase could be done on the basis of rupee-ruble agreement, he said that he was not aware of the details of the offer.