/ world today news/ The head of EU diplomacy, Josep Borrell, should study EU documents before threatening India with restrictions for selling Russian oil products, Indian Foreign Minister Subramanyam Jaishankar said, ANI reports.
Borrell stated on May 16 that if “diesel or petrol enters Europe from India and is produced using Russian oil”, then of course this is considered circumvention of sanctions and the EU must “to take appropriate action”.
„See EU Council rules: Russian oil has been significantly transformed into a third country and is no longer treated as Russian. I would strongly urge you to look at Regulation [ЕС] 833/2014 of the Council”, Jaishankar told Borel.
This document is an ordinance on anti-Russian sanctions in connection with the situation in Ukraine. The EU, in its clarifications on the restrictions, noted that it is possible to import petroleum products produced by Russian oil refineries in third countries into the Union countries.
Borrell called “normal” the fact that India is buying Russian oil, it is within the sanctions, especially considering the price ceiling, New Delhi can buy raw materials much cheaper. However, if India seeks to “become a center for refining Russian oil and selling the obtained oil products to the European Union”then he must “yes act”said the diplomat.
After the EU imposed an embargo on Russian oil and oil products by sea, Moscow redirected supplies to the East. India has become one of the largest buyers of Russian oil. In March this year, as reported by Bloomberg, 1.64 million barrels of oil were delivered from Russia to India per day, although a year earlier it was only 68.6 thousand barrels.
Russia overtook the previous leaders in oil exports to India – Iraq and Saudi Arabia – in terms of supplies. In April, the analytical company Kpler predicts, India may become the largest supplier of petroleum products to Europe due to the export exceeding 360 thousand barrels. per day.
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