In talks with senator seeking to tariff Russia oil buyers: Govt

8 hours ago 1

 Govt

NEW DELHI: India has conveyed its concerns to US Senator Lindsey Graham who is sponsoring a sanctions measure that will, if approved, enforce 500% tariffs connected India, China and others who acquisition Russian oil, outer affairs curate S Jaishankar said.Graham was quoted arsenic saying earlier this week that President Donald Trump had told him to bring to ballot the measure that mightiness assistance the US unit Russia to articulation bid negotiations connected Ukraine. Kremlin, however, has warned that it could adversely interaction bid efforts."Any improvement successful the US Congress is of involvement to america if it impacts oregon could interaction our interests. We person been successful interaction with Senator Graham. The embassy and our ambassador person been successful interaction arsenic well," Jaishankar said. While India has traditionally sourced its lipid from West Asia, it ramped up acquisition from Russia aft the penetration of Ukraine successful Feb 2022.India's import of Russian lipid grew dramatically from little than 1% to 40% successful 3 yrs This was chiefly due to the fact that of the discount offered by Russia to offset the interaction of occidental sanctions. India's import of Russian lipid grew dramatically from little than 1% of its full crude lipid imports to 40% successful 3 years."Our concerns and our interests connected vigor information person been communicated to him (Graham).

So, we'll past person to transverse that span erstwhile we travel to it, if we travel to it," Jaishankar said."Russia's stronghold implicit caller markets has solidified successful the 3rd twelvemonth of the invasion. The 3 biggest buyers, China (Rs 78 billion), India (Rs 49 billion) and Turkiye (Rs 34 billion) were liable for 74% of Russia's full revenues from fossil fuels successful the 3rd twelvemonth of the invasion," planetary deliberation vessel Centre for Research connected Energy and Clean Air said successful a study earlier this year.

Read Entire Article