“There is no problem with payment,” the minister said.
He also did not mention the price limit on oil from the Russian Federation, which was previously introduced by the United States and the G7.
According to him, Indian oil refineries have reduced oil imports from Russia due to unattractive discounts.
India wants to receive oil without interruption
Bloomberg writes that India is one of Asia’s largest importers of crude oil and has become a major buyer of Russian cargo since the Russian invasion, with refineries accepting shipments avoided by refiners in Europe and the United States.
New Delhi said such a position makes sense given the country’s huge energy needs.
“India’s leadership has only one demand: that the Indian consumer receive energy at the most economical price, without interruption,” Puri said.
He added that the country needs 5 million barrels of oil per day, of which 1.5 million comes from Russia, highlighting the lack of payment problems.
Export of Russian oil
Revenue from oil exports forms the basis of the Russian budget and helps support Moscow’s war economy.
At the same time, the Indian route, one of the most lucrative Russian oil trade routes since the introduction of Western sanctions, faces a serious problem due to payment problems in non-dollar currencies and has no short-term solution.
Bloomberg later wrote that India’s crude oil imports from Russia fell due to payment problems. This was facilitated by sanctions from the West.
2024-01-03 16:35:19
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