Russian Ambassador Defends India's Oil Imports Amid US Scrutiny


|

Russian Ambassador Defends India's Oil Imports Amid US Scrutiny
Russian Ambassador Defends India's Oil Imports Amid US Scrutiny
Russia's envoy to India asserts that oil purchases are for national development, not to support Moscow, amidst growing US tariff threats.

India's ongoing imports of Russian oil have come under scrutiny, especially from Western nations. Russian Ambassador to India Denis Alipov emphasised that these purchases are aimed at India's national development rather than supporting Moscow. In an interview with DD News, Alipov stated, "India does not buy Russian oil for the sake of helping Russia. It is buying oil for itself and its own national development, keeping in mind the well-being and welfare of its own people."

The statement arises as Western authorities intensify their criticism of India's continued Russian crude oil imports, particularly following Russia's invasion of Ukraine in 2022. This conflict prompted a marked increase in India's purchases of discounted Russian crude, making Moscow a major supplier for the country.

Alipov pointed out that India has shown resolve in defending its interests amidst external pressures. "The question from my point of view is how confident India is. But it has shown that it's able to stand its ground and defend India's national security and national interests," he remarked.

Criticism has largely stemmed from sanctions and tariffs imposed by Western nations aimed at countries maintaining trade relations with Russia. Alipov noted, "Unfortunately, those who impose sanctions and tariffs have taken the path of pressure tactics instead of honest cooperation. Who prevents those countries from offering a better deal to India in oil than us? But nobody is able to do that. Hence, the pressure and punitive measures."

Reports suggest that the US government is contemplating tougher measures against major buyers of Russian energy. A proposed bill in the US Senate could permit tariffs of up to 100% on imports from significant buyers of Russian crude oil or natural gas, potentially affecting India significantly.

India, already among the top purchasers of Russian crude, might find itself facing increased pressures if such measures come into effect. Although India has experienced US tariff actions in the past over its Russian oil imports, some of these duties were subsequently withdrawn.

In response to external pressures, India's External Affairs Minister S. Jaishankar asserted the country’s need to secure affordable energy for its vast population of approximately 1.4 billion. He noted earlier this week that altering India's oil purchases would not influence the outcome of the ongoing conflict in Ukraine. "This conflict, which is today in its fifth year, will not be solved because somebody is buying or not buying oil or alumina or minerals or metals or fertiliser. This conflict will be solved by dialogue, diplomacy, and negotiation," Jaishankar stated.

Despite a slight reduction in imports, Russian oil continues to be India's largest source of crude. In August, India imported approximately 2.08 million barrels per day (bpd) of Russian crude, down 26.3% from a record 2.82 million bpd in July, as reported by Kpler data. Despite this drop, Russian crude still accounted for about 45% of India's total crude imports, ensuring Moscow remains a key player in India's energy landscape.

US Envoys Propose Solutions to Resolve Ukraine Conflict
US Envoys Propose Solutions to Resolve Ukraine Conflict
US envoys discussed various strategies with Russian President Vladimir Putin to bring an end to the ongoing war in Ukraine.
|
Building Collapse in Delhi's Satya Niketan Claims Multiple Lives
Building Collapse in Delhi's Satya Niketan Claims Multiple Lives
A building collapse in Satya Niketan, Delhi, has left several dead and exposed long-standing safety issues in student housing.
|
Modi Inaugurates Swaminarayan Temple in Paris, Celebrating Ties
Modi Inaugurates Swaminarayan Temple in Paris, Celebrating Ties
Indian Prime Minister Modi inaugurates a Swaminarayan temple in Paris, highlighting India-France strategic partnership and cultural connections.
|
Ganga River Flooding Affects 1.9 Million People in Patna
Ganga River Flooding Affects 1.9 Million People in Patna
Floods caused by the Ganga River have impacted nearly 1.9 million residents in Patna and surrounding areas, prompting emergency response efforts.
|
BRS to Address Water Issues in Assembly, Plans Mass Mobilisation
BRS to Address Water Issues in Assembly, Plans Mass Mobilisation
BRS leader K Chandrasekhar Rao outlines strategy to raise irrigation project concerns in Telangana Assembly, along with plans for mass public agitation.
|