No issue as long as price cap is respected, says German envoy. In contrast, EU foreign policy chief has called for crackdown on import of fuels from India, citing use of Russian oil.
A dozen protesters chanted, 'keep your promise, no new drilling' for several minutes, preventing Ali Zaidi, White House climate adviser, from delivering his address.
US Treasury Secretary Janet Yellen said India can buy Russian oil, even outside G7-imposed price cap mechanism, if it steers clear of Western insurance, finance & maritime services.
Russia's share of India's oil imports surged to an all-time high of 23% from 19% the previous month while that of the Middle East declined to 56.4% from 59%, the data showed.
The leadership change announced in a royal decree Tuesday, keeps the ruler's other son, Prince Abdulaziz bin Salman as energy minister. Foriegn & Finance ministers have remained the same.
US has no moral rectitude to deliver ethical sermons. But regardless, India must take a holistic view in purchasing oil from Russia—it's not a rosy picture.
In principle, the deal couldn’t be easier. America needs Iran’s oil and gas to help wean the world off Russian hydrocarbons. Iran needs an end to sanctions that have hurt its economy.
Russian oil has been flowing to Asia in greater volumes as buyers across Europe and the U.S. shun supplies, following the invasion of Ukraine. India and China have been the key buyers.
Officials say for fiscal calculations, govt assumes avg price of crude for 12 months, so no need for excise duty cut. Decision on Russia’s offer of crude supply in a few weeks.
Initial talks held on the possibility of India entering the programme that was started in 2017 between France, Germany and Spain to ensure European sovereignty in defence and security.
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