India Has Not Committed To Buy Russian Oil Below The G7 Price Cap

March 14, 2023
Posted by: AliensFaith
Category: OBJECTIVE PRESS

Advertisements

India has not committed to and is not obligated to buy Russian crude oil only below the $60 price cap of the Western nations, a source at the Indian oil ministry told Reuters on Tuesday. Russia has been redirecting most of its crude oil exports to China and India since the EU and the G7 announced plans to embargo seaborne oil imports from Russia and set a price cap on the crude if it is to be shipped to third countries using Western tankers and insurers. India does not have any agreement signed with the West to follow the G7 price cap,…

Author: AliensFaith

HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

India Has Not Committed To Buy Russian Oil Below The G7 Price Cap

Share this:

Share this:

Discover more from Maheri Network