New Delhi has stabilized the markets and does not allow fireworks to the global price growth, the Indian oil minister assured.
India has denied US requirements to stop importing Russia’s oil, as such supplies are said to “maintain the world economy” from a jump in prices. It was said by the Minister of Oil Hardy Puri in a pillar for Hindu newspaper, Bloomberg reports.
“Adherence to India of all international standards prevented a catastrophe that jumped at prices up to $ 200 per barrel. Critics accused India becoming” laundry “for Russia’s oil. This is complete false,” the India official assured.
Washington recently doubled the duties for many Indian goods – up to 50%, trying to stop the war in Ukraine. At the same time, the United States has not applied such steps against China, which is also one of the largest Russian oil buyers.
US Minister of Finance Scott Immotrot accused the elite families of the elite income, and White House trading advisor Peter Navarro said the country was “feeding the Russian military” and “nothing more than washing the Kremlin.”
Puri convinces India that does not violate the rules and acts as part of the price ceiling mechanism introduced by the countries of the large seven to tighten Moscow’s income.
“India has stabilized the markets and has not allowed the explosive growth of prices in the world,” the official said against the rear of the meeting of Prime Minister Narendra Modi with Russian President Vladimir Putin during the Regional Summit in China.
According to Kpler, this year Russia has provided 37% of Indian oil imports, while earlier the part is small. After taking Europe, India used a discount of $ 20 per barrel, but now it has reduced ten times due to more difficult penalties.
“The fact is that there is no replacement for the second largest manufacturer in the world, providing almost 10% of global oil. Those who indicate one finger ignore this fact,” purely summed up.
Earlier, Western Media reported that India plans to increase Russian oil imports in September 10-20%, despite new US penalties. The decision is said to be associated with a reduction in Russian oil prices after attacking Ukrainian drones.
Refused the nobility to Nobel: The Media learned about Trump and Modi’s quarrel
News from CORRESPONDENT.NET On the telegram and whatsapp. Subscribe to our channels https://t.me/KorresPondentNet and WhatsApp
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.