New Delhi: Facing global sanctions due to the war with Ukraine, Russia had offered India to buy crude oil at a lower price. The Government of India is seriously considering this proposal. Now the US has also made it clear that if India buys crude oil from Russia, it will not be a violation of US sanctions. On the other hand, US President Joe Biden has announced an assistance of US$ 800 million (Rs 6,101 crore) to Ukraine.
White House Press Secretary Jen Psaki said on Tuesday that buying oil from Russia at lower prices was not a violation of U.S. sanctions. However, she also said that the US would request all nations to comply with these sanctions. Jen said that even after the sanctions were not violated when the history of the current round is written, it would be considered support for a Russian attack.
Let us know that India has already made it clear that India is very much dependent on military supplies from Russia for its national security. At the same time, Indian-American MP Dr Amy Bera expressed her disappointment over the reports of India buying oil from Russia at a low price and said that at this critical juncture in history when people all over the world are standing with Ukraine against the Russian attack, India will be seen standing on Putin's side.
Let us know that about 4.5 million barrels of oil are consumed in India every day. India imports about 80 per cent of its oil requirement and imported a total of 176 million tonnes of crude oil from April 2021 to January 2022. About 2% of these purchases have come from Russia. After the Ukraine crisis, crude oil prices have increased by about 40 per cent all over the world. In such a situation, it is a kind of compulsion for India to buy cheap crude oil given by Russia.
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