https://sputniknews.in/20230316/india-to-purchase-russian-oil-based-on-energy-security-requirements-mea-1196774.html
India to Purchase Russian Oil Based on Energy Security Requirements: MEA
India to Purchase Russian Oil Based on Energy Security Requirements: MEA
Sputnik India
MOSCOW (Sputnik) - India's approach to the purchase of Russia oil is based on the requirements of energy security, Indian Foreign Ministry spokesman Arindam... 16.03.2023, Sputnik India
2023-03-16T18:09+0530
2023-03-16T18:09+0530
2023-03-16T18:09+0530
indo-russian relations
russian oil price cap
oil supplies
russian oil
india
arindam bagchi
ministry of external affairs (mea)
western sanctions
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Bloomberg reported earlier this week, citing sources, that India had decided not to violate Western sanctions against Moscow and comply with the Russian oil price cap approved by the G7. The Indian government reportedly asked banks and traders to adhere to the sanctions requirements.On Thursday, Russian Ambassador in New Delhi Denis Alipov said that media reports claiming that India agreed to comply with the price cap on Russian oil introduced by the G7 are not true.After Russia began its special military operation in Ukraine, the countries of the so-called collective West actively searched for ways to limit Moscow’s energy-related income, notably from oil and gas. The effort culminated in a $60 price cap imposed by the G7 member states and Australia on December 5.
https://sputniknews.in/20230316/russian-ambassador-denies-reports-claiming-india-agrees-to-g7-price-cap-1184305.html
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russian oil price cap, oil supplies, russian oil, india, arindam bagchi, ministry of external affairs (mea), western sanctions
russian oil price cap, oil supplies, russian oil, india, arindam bagchi, ministry of external affairs (mea), western sanctions
India to Purchase Russian Oil Based on Energy Security Requirements: MEA
MOSCOW (Sputnik) - India's approach to the purchase of Russia oil is based on the requirements of energy security, Indian Foreign Ministry spokesman Arindam Bagchi said on Thursday.
Bloomberg reported earlier this week, citing sources, that India had decided not to violate Western sanctions against Moscow and comply with the Russian oil price cap approved by the G7. The Indian government reportedly asked banks and traders to adhere to the sanctions requirements.
"I do not want to comment on speculative media reports. We have repeatedly made it clear that our approach will be guided by our energy security requirements. You've heard it many times, and I think it continues to be valid," Bagchi told a briefing.
On Thursday, Russian Ambassador in New Delhi Denis Alipov said that media reports claiming that India agreed to comply with the price cap on Russian oil introduced by the G7 are not true.
After Russia began its special military operation in Ukraine, the countries of the so-called collective West actively searched for ways to limit Moscow’s energy-related income, notably from oil and gas. The effort culminated in a $60 price cap imposed by the G7 member states and Australia on December 5.
