Breaking News
1. Delhi’s peak power crosses 8000 MW, highest ever in history of national capital      2. PM Modi insugurates PM-Kisan scheme      3. I consider farmers, women, as strong pillars of Viksit Bharat: PM Modi in Varanasi      4. Over 30,000 support groups receive Krishi Sakhi, says PM Modi      5. Maharashtra core team held meeting with central leadership      6. Rahul Gandhi resigns from Wayanad      7. After the accident, Kanchanjunga Express arrives at Sealdah station; food and medical assistance provided.      8. PM Modi to visit Varanasi today, release 17th PM-Kisan instalment      9. Two key Democrats in US Congress approve major arms sale to Israel, Washington Post reports      10. Nikhil Gupta will now face justice in American courtroom, says US attorney general      11. Judge orders railway to pay Washington tribe nearly $400 million for trespassing with oil trains      12. Australian PM flags 'concern' over Chinese actions at media event      13. ‘Good players, but not good as team’: Babar unfiltered on reason for T20 WC exit      14. Kichcha Sudeep reacts to Kannada actor Darshan's arrest in murder case      15. Muslim student from UIC calls America ‘cancer,’ netizens ask him to ‘leave’      16. Son of an auto driver from Mulund scores 100 percentile in MHT CET      17. ‘Biased’: Kapil Sibal targets Chief Election Commissioner Rajiv Kumar      18. Pannun murder plot: Indian national Nikhil Gupta extradited to US, says report      19. EVM ‘hacking’ row: Who is Ravindra Waikar, Shiv Sena MP from Mumbai North West?      20. FPI ease selling streak, Amit Shah chairs key meet on J&K, more     

EU's Threats Over India's Russian Oil Purchase Met with Firm Response from Foreign Minister Jaishankar

  • Posted on May 17, 2023
  • News
  • By TSW NEWS DESK
  • 238 Views
S Jaishankar, India's External Affairs Minister

S Jaishankar, India's External Affairs Minister, has given a strong response to EU Foreign policy chief Josep Borrell's call for action against India for purchasing refined oil products from Russia. Jaishankar urged Borrell to take a look at the EU Council regulations, which state that Russian crude is transformed significantly in a third country and is no longer treated as Russian.

 

He also advised Borrell to refer to Council's Regulation 833/2014. Borrell had earlier suggested that the EU should take action against India for reselling Russian oil as refined fuels, including diesel, to Europe, amid tightening sanctions on Moscow's energy sector by Western nations.

 

According to the EU's Foreign policy chief Borrell, it is customary for India to purchase Russian oil.
European Union foreign policy chief Josep Borrell criticised India's role in helping Russia evade Western sanctions amid the war in Ukraine (Image Credit: Christine Olsson/Reuters)


According to the EU's Foreign policy chief Borrell, it is customary for India to purchase Russian oil. However, he expressed the need for the European Union (EU) to take action regarding the refined products derived from Indian-made Russian crude.

 

Borrell made these remarks during an interview, and although he met with Jaishankar during the trade technology talks in Brussels, he did not attend the subsequent press conference.

 

EU Executive Vice President on Competition, Margrethe Vestager, expressed her firm belief in the legality of the sanctions, leaving no room for doubt. She emphasized the intention of the EU and India to engage in discussions as friendly parties, extending a helping hand rather than adopting an accusatory stance.

 

During his recent three-nation visit to Bangladesh, Sweden, and Belgium, Foreign Minister Jaishankar was joined by Commerce Minister Piyush Goyal and Union Minister Rajeev Chandrasekhar. In Brussels, they held a meeting where Jaishankar reiterated India's support for its imports from Russia. He indirectly expressed disapproval of the West's attempts to pressure India into reducing trade with Russia due to its military involvement in Ukraine.


S Jaishankar, India's External Affairs Minister, has given a strong response to EU Foreign policy chief Josep Borrell's call for action against India for purchasing refined oil products from Russia
Russian Foreign Minister Sergey Lavrov and his Indian counterpart Subrahmanyam Jaishankar shake hands during a news conference following their talks in Moscow, Russia. (Image Credit: Maxim Shipenkov/ Reuters)
 

He pondered how Europe could prioritize its own energy requirements while simultaneously requesting India to take a different course of action. During a joint press conference with the German Foreign Minister Annalena Baerbock in December, the External Affairs Minister expressed that the trade between India and Russia is relatively small, amounting to around USD 12-13 billion, in contrast to the trade volumes of European countries.

 

Additionally, he mentioned that India has provided Russia with a range of products, emphasizing that this should not be misconstrued, but rather viewed as a natural aspiration of any trading nation to enhance its trade relations.

 

"I strongly encourage you to examine these statistics. There exists a platform called the "Russia Fossil Fuel Tracker," which provides detailed information on the import and export activities of various countries. I believe this resource could be immensely beneficial," he suggested.

 

For more updates keep visiting our website www.topstoriesworld.com   where we provide unbiased, true and top stories of the world.

Author
No Image
Author
TSW NEWS DESK

You May Also Like