Move comes after hectic parlays with Slovakia, which had held up package the last two days. Sanctions linked to the bloc’s planned phasing out of Russian energy by 2027.
External Affairs Minister Jaishankar said earlier this month that India was 'pressured' to not buy crude oil from Russia in light of sanctions imposed by US, EU.
At an event in New Delhi, US treasury official Anna Morris says Washington has not asked India to reduce its purchase of Russian crude. India was top buyer of Russian oil in 2023.
Russian FM also praises Islamabad's cooperation with Moscow in international fora such as UN & SCO. Pakistan is a key partner for combating trans-border crime & terrorism, he adds.
Any mechanism to stem the flow of Russian oil would need to be implemented by the national authorities, Josep Borrell said in an interview with the Financial Times.
Announcement by oil-producing cartel Sunday sent global markets into flux, with crude prices surging high. Experts say India will only feel effects in medium to long term.
Pakistan Finance Minister Ishaq Dar had earlier said that Islamabad wanted to have the crude oil deal with Moscow on terms similar to those agreed for New Delhi.
Mineral security is no longer just an economic concern but a national security imperative, underpinning the country’s ambitions in clean energy, defence self-reliance, and advanced manufacturing.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
BJP has no dynastic succession, at least not at the top. You can trace this back to Vajpayee-Advani era. This act of spotting, empowering younger talent is even more striking with the choice of BJP presidents.
COMMENTS