EAM S Jaishankar’s reply to the European Union for oil trade from Russia; watch video

Ayushee JoshiPublish Date: 17 May, 2023

Oil prices have fluctuated since the beginning of the Russia-Ukraine conflict. Although rising oil costs affected almost every nation globally, India was not significantly impacted. Oil prices are still rising, but not as much as other countries’ prices have been impacted. This is because many nations had blacklisted Russia since the war’s inception. But in the interim, India began paying less for oil from Russia. However, as a result of this, India has been frequently questioned.

However, the Minister of External Affairs S Jaishakar has replied to all the queries related to the oil trade with Russia. As a response to Josep Borrell, the head of the EU’s foreign policy, taking action against Indian goods over ‘Russian crude oil’ S Jaishankar suggested that he look at the EU Council’s rules.  The mInister said, “Look at the EU Council regulations, Russian crude oil has been substantially diverted to a third country and is no longer considered as Russian. I would ask you to look at Council Regulation 833/2014. I will request.”

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