Russia-Ukraine War

Russian Foreign Ministry Confirms Steady Supply of Oil to India with No Payment Issues

Main image to the post Russian Foreign Ministry Confirms Steady Supply of Oil to India with No Payment Issues

The Russian Foreign Ministry's official spokesperson, Maria Zakharova, confirmed during a briefing that the delivery of Russian oil to India is being maintained at a stable and high level, with no encountered issues regarding payments for the exported oil. Zakharova highlighted the preference for using national currencies in transactions, which aims to reduce dependence on the banking regulations imposed by Western nations, allowing for more flexibility in conducting trade.

India's External Affairs Minister, S Jaishankar, reaffirmed India's position on purchasing Russian oil despite international sanctions on Moscow and the military conflict in Ukraine. During his visit to Germany, Jaishankar stressed the historically amicable relationship between India and Russia, mentioning that Russia has never compromised India's interests. He also pointed out the different viewpoints between Europe and India on the Russia-Ukraine conflict, explaining India's necessity to stabilize its energy supply amid shifting dynamics in the global energy market.

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May 21, 2023 | 05:09