Russia offers to help India deal with cap on oil prices

Posted on 12th Dec 2022 11:07 am by rohit kumar

Russia has offered help to India to deal with the cap on Russian crude oil prices set by Western countries. Russia's Deputy Prime Minister Alexander Novak has offered India cooperation in building and leasing large-capacity vessels to avoid relying on insurance services and hiring tankers in the European Union and Britain. Novak met India's Ambassador to Russia Pavan Kapoor on Friday, according to a statement.

 

Crude oil prices are $60 per barrel

According to the statement, exports from Russia to India were to increase to 1.635 tonnes during the first eight months of the year 2022 and reached second place in terms of shipments sent to India in the summer. The G-7 countries, the European Union, and Australia last week agreed to fix sea-borne crude oil prices at $60 a barrel as part of sanctions on Russia.

 

Along with this, Russia has welcomed India's decision not to support the G-7 and its allies in this matter. During the meeting with Kapoor, Novak stressed that Russia is responsibly fulfilling its contractual obligations to supply fuel.

 

Also Read: Foreign Minister Jaishankar's criticism of the issue of buying oil from Russia, said - the interest of the Indian people is paramount

Other news

Virat Kohli was spotted having lunch with his daughter Vamika in London, cute pictures of father-daughter went viral on social media

Indian team's star batsman Virat Kohli and his wife Anushka Sharma have recently become parents f

'Bhagwan' on strike: Protest against the murder of a female doctor, OPD closed... AIIMS-RML seniors took charge

Doctors are on strike in government hospitals in Delhi today in protest against the murder of a d

Severe cold in North India: dense fog in Delhi; More than 100 flights canceled on Wednesday

Winter is increasing in the country. Alam is that Delhi has become colder than Nainital. Accordin

T20 WC 2024: The captain who equaled Rohit Sharma's record surprised the cricket world, took this decision after the team's defeat

Uganda's team participated in the T20 World Cup for the first time. Making its debut in the T20 W

Arvind Kejriwal Arrest: Will Kejriwal leave the post of CM or run the government from jail? These Chief Ministers left the chair before their arrest

Arvind Kejriwal Arrest: Delhi Chief Minister Arvind Kejriwal has been arrested by the Enforcement

Ind vs Eng: 'Rohit's Paltan' would like to reverse 112 years of history, will destroy 'Baseball' in Dharamshala

Team India has taken an unassailable 3-1 lead in the five-match Test series between India and Eng

PM Modi Gujarat Visit: 'I dedicate the success of Maha Kumbh to Lord Somnath', PM Modi after offering prayers at the temple

Prime Minister Narendra Modi on Sunday offered prayers at the Shri Somnath Jyotirlinga temple in

Price Hike: Prices of essential commodities increased by 14% in a year, rise in prices of other goods including milk, oil, salt

Retail inflation may have reached an 11-month low of 5.88 percent in Monday's figures, but prices

Supreme Court: Ban on MoU to resolve Assam-Meghalaya border dispute lifted, NTPC chief also relieved from Supreme Court

The Meghalaya High Court today lifted the stay on the MoU signed between Assam and Meghalaya to r

Salman Khan Home Firing: Big revelation in Salman's home firing case, police searched many bank accounts; This thing came to light

The investigation has started into the accounts of people associated with Vicky Gupta and Sagar P