New Delhi: Prior to the visit of Prime Minister Narendra Modi to the United Kingdom, foreign secretary Vikram Miskri discussed questions about the growing Western pressure on India about buying Russian oil on Tuesday. He made it clear that the energy needs of India came first.Miskri said: “… We have been very clear that insofar as the energy security concerns, it is the highest priority of the Indian government to offer energy security to the people of India, and we will do what we have to do with regard to that.”He added: “About energy -related issues themselves, also, as we have said before, it is important not to have double standards and to have a clear perception of what the worldwide situation is in the case of the wider energy market … We do understand that there is an important and serious security problem with which Europe is confronted, but there is also the rest of the world. It is also to do with issues that are existential for the rest of the world, and I think it is important to maintain balance and perspective when they talk about these issues.“His comments came after the European Union had imposed a new sanction round on Russia during her war in Ukraine. The newest step of the EU includes restrictions on fuels made from Russian crude oil and lowers the oil rice cap. It also focuses on the Indian refinery of Rosneft and imposes new banking, all aimed at cutting Russian income from oil.
EU sanctions on Russian oil: what does it mean for India?
- The latest sanctions of the European Union are expected to influence countries such as India, Turkey and the VAE, which refine Russian crude oil and export fuels such as diesel, gasoline and aircraft fuel to Europe.
- According to the founder of Gtri, Ajay Srivastava, “India’s $ 5 billion exports of petroleum products to the EU is in danger. The new sanctions of the EU prohibit the import of refined petroleum made from Russian crude oil through third countries such as India.”
- The Indian petroleum product The EU export fell from $ 19.2 billion in FY24 to $ 15 billion in FY25 – a decrease of 27.1%, according to the Think Tank analysis.
- In FY2025, India imported $ 50.3 billion in crude oil from Russia, accounting for more than a third of the total raw oil account of $ 143.1 billion.
‘We are going to crush your economy’: us
At the same time, the US government led by Trump has also taken on a heavy line. Both President Donald Trump and other American leaders have warned countries such as India, China and Brazil – all BRICS members – that they can be confronted with hard economic fines for continuing to import Russian oil.On Fox News, the US Senator Lindsey Graham said: “I would tell China, India and Brazil. If you continue to buy cheap Russian oil, to let this war through, we will cross you hell,” add “, and we will crush your economy because what you do is blood money.”President Trump had previously repeated a similar warning during a meeting with NATO Secretary -General Mark Rutte in the White House. He stated that the US would impose 100 percent “secondary rates” on countries that continue to buy Russian oil and gas if President Vladimir Putin does not agree with a peace agreement within the next 50 days.
#India #takes #tough #position #sanctions #Russian #oil #Energy #Security #Top #Priority #Times #India