The Indian Ministry of Foreign Affairs said that his relations with Russia are “stable and proven”. The Ministry of Foreign Affairs also added that relations between countries should not be seen through the prism of the third country.
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As the Associated Press reports, the spokesman for the Indian Ministry of Foreign Affairs Randhir Jaiswal during a meeting with the press stated that the wider position of India regarding securing their energy needs was dictated by the availability of oil in markets and the prevailing situation in the world.
These comments are a consequence of the announcement by President Donald Trump that he intends to impose 25 percent. duty for goods from India and an additional import tax on the purchases of Russian oil by New Delhi.
This threat appeared when the US president is increasingly nervous of Russia for the lack of consent to the suspension of weapons in Ukraine and threatened with new economic sanctions if progress is not made.
India will continue to buy oil from Russia
In January 2022, India bought 68,000 Baryłek per day oil from Russia, but until June of the same year, oil imports increased to 1.12 million barrels a day. Daily import reached a peak of 2.15 million in May 2023 and has changed since then.
As calculated by the KPLler analytical company, which is referred to by the Associated Press, deliveries increased at some point to almost 40 percent. Indian import, making Moscow the largest oil supplier to New Delhi.
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Daily oil consumption in India is about 5.5 million barrels, of which almost 88 percent. comes from import.
This country historically bought most of its crude oil from the Middle East, but this changed after Russia's full invasion of Ukraine in February 2022. India, the third largest oil importer in the world after China and the United States, began to buy Russian oil at reduced prices after the west gave it up to punish Moscow.
