India will continue to buy cheap oil in Russia, despite the threats of US President Donald Trump. This was reported by New York Times, referring to the words of Indian officials.
Last week, during the announcement of duties, Trump warned India about potential additional punishment if the country did not stop importing Russian raw oil. On Friday, August 1, the US President announced a recent reduction in Russian oil flows to India.
“I understand that India will no longer buy oil in Russia. So I heard. I don’t know if this is true. This is a good step. We will see what will happen next, ”he told reporters.
However, on Saturday, August 2, two Indian officials with a high level said that the policy of their country had not changed. One of the officials said that the government of India did not give oil companies any instructions to reduce imports from Russia.
Trump did not indicate what punishment will be applied if India does not obey his call to stop importing Russian oil. Some officials and analysts say that Trump’s attention to the purchase of Russian oil India may be a tactical course in negotiations, since the USA and the United States are trying to complete the first stages of a bilateral trade agreement. Trump did not threaten two other great importers of Russian oil – China and Turkey.
India has significantly increased the purchase of Russian oil since the beginning of a full -fledged invasion of the Russian Federation in Ukraine. Now Russia is a source of more than a third of oil imports into India – until the full large -scale war of the Russian Federation against Ukraine. This figure was less than 1%. Importing more than 2 million barrels of raw oil per day, India is the second largest importer of Russian oil after China.
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.