INDIA ON Thursday didn’t rule out shopping for discounted crude oil from Russia, saying it appears in any respect choices in any respect closing dates as a significant importer of oil.
At a media briefing right here, Ministry of External Affairs (MEA) spokesperson Arindam Bagchi didn’t give a direct reply to a query on whether or not India was contemplating taking on the Russian supply of low cost crude oil.
“India does import most of its oil necessities…. So we’re at all times exploring all prospects in international power markets due to this example that we face of importing our oil necessities,” he mentioned.
Bagchi mentioned Russia has not been a significant provider of crude oil for India. “Let me just highlight that a number of countries are doing so, especially in Europe, and for the moment, I will leave it at that,” he mentioned. “We are a major oil importer and we are looking at all options at all points, we need the energy.”
Asked whether or not the acquisition could be made below the Rupee-Rouble association, Bagchi mentioned he was not conscious of the precise particulars on the provides. He mentioned doing enterprise in currencies Rupee and Rouble had been in existence in previous and that he was not conscious of the present standing of the association.
To one other query on the impression of western sanctions towards Moscow on the India-Russia commerce, Bagchi mentioned: “We will await details of any unilateral sanctions to examine their impact on our economic exchanges with Russia.”
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With inputs from TheIndianEXPRESS
