Sunday, April 14, 2024

S Jaishankar Defends India’s Crude Oil Imports From Russia After EU Calls For Action

Immigration News

Fidel Rahmati
Fidel Rahmatihttps://www.khaama.com
Fidai Rahmati is the editor and content writer for Khaama Press. You may follow him at Twitter @FidelRahmati

After the chief of EU foreign policy called for action against Indian refined goods made from Russian oil, External Affairs Minister S. Jaishankar suggested that he look at EU Council regulations.

“Look at EU Council regulations; Russian crude is substantially transformed in the third country and not treated as Russian anymore. I urge you to look at Council’s Regulation 833/2014,” said Mr Jaishankar.

Jaishankar had previously defended India’s imports from Russia while subtly blaming the West for pressuring them to reduce commerce with Russia in light of its military actions in Ukraine.

He questioned how Europe could prioritize its energy requirements while requesting different actions from India.

Meanwhile, the Indian Foreign Minister said, “Our trade with Russia is at a very small level- USD 12-13 billion, in comparison to European countries. We have also given the Russians a set of products… I do not think people should read more into it other than the legitimate expectations of any trading country to increase its trade.”

“I would urge you to look at these figures. There is a website called ‘Russia Fossil Fuel Tracker’ that would give you country-by-country data of who is importing what, and I suspect that might be very, very helpful,” he added.

The remarks by Indian Minster came in response to Josef Borrell, EU Foreign policy Chief’s remarks calling for action against Indian refined products from Russian crude.

“India buys Russian oil; it is normal…” Borrell, the head of the EU’s foreign policy, told the Financial Times that the organization should take action regarding refined products derived from Russian crude produced in India.

However, according to reports, Russia will be India’s fourth-largest importer in 2022. the expanding energy trade, which accounted for about 17% of India’s crude oil imports and 9% of its coal imports, was the main driver of the relations.

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