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Buying Russian oil is to India's advantage, says EAM S Jaishankar | India News

Shopping for Russian oil is to India’s benefit, says EAM S Jaishankar | Information

NEW DELHI: India will proceed shopping for Russian oil as it’s advantageous for the nation, International Minister Subrahmanyam Jaishankar mentioned on Tuesday after assembly his Russian counterpart. India has emerged as Russia’s largest oil buyer after China, as refiners snap up discounted Russian oil shunned by Western patrons over Russia’s invasion of Ukraine on February 24.

India, the world’s third-largest oil importer and a standard ally of Russia, has not explicitly condemned what Russia calls its “particular army operation in Ukraine”, and Tuesday marked the fifth assembly this yr between Jaishankar and his Russian counterpart Sergei Lavrov.

“It’s our elementary obligation to make sure that the Indian client has the absolute best entry on probably the most advantageous phrases to worldwide (oil and fuel) markets,” mentioned Jaishankar.

“In that respect, now we have seen that India and Russia relationship has labored to benefit. So if it really works to my benefit I’d maintain that going.”

#WATCH | Now we have seen that India-Russia relationship has labored to benefit so if it really works to my benefit I want to maintain that going: EAM S Jaishankar throughout a press briefing, in Moscow on Russian oil imports pic.twitter.com/ddcB7ryAfH
— ANI (@ANI) November 8, 2022

The assertion comes a month forward of america and its allies within the Group of Seven wealthy nations take steps to stop Russia from benefiting from oil by placing a cap on costs.

US Treasury Secretary Janet Yellen is scheduled to go to India this week and has mentioned that India stands to achieve from a worth cap on Russian oil and the US hopes that it’ll benefit from it, in response to a report by Press Belief of India.

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