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EAM S. Jaishankar defends India’s crude oil imports from Russia

During his assessment of global oil prices, Jaishankar said that oil and gas prices are unreasonably high throughout the world. According to him, Europe was buying more oil from the Middle East countries which were Asia’s traditional suppliers, however, now it was diverted to Europe.

SNS | New Delhi |

External Affairs Minister Dr S Jaishankar who is in Thailand to attend the 9th India-Thailand Joint Commission Meeting defended India’s crude oil imports from Russia by coining it the “best deal” for the country.

Addressing the Indian community in Bangkok, he pointed out the surge in energy prices across the world due to the Russia-Ukraine war and added, “We have been very open and honest about our interest. I have a country with a per capita income of USD 2000, these are not people who can afford higher energy prices. It’s my moral duty to ensure the best deal.”

During his assessment of global oil prices, Jaishankar said that oil and gas prices are unreasonably high throughout the world. According to him, Europe was buying more oil from the Middle East countries which were Asia’s traditional suppliers, however, now it was diverted to Europe.

Minister also underlined that the US knows India’s position on Russian oil import and has “moved on”, adding that in any such circumstances “India is open about its interests, wants the best deal.”

Earlier at the GLOBSEC 2022 Bratislava Forum held in Slovakia in June this year, S.Jaishankar defended India’s interest on a global scale, he hits back at the unfair criticism against Indian oil purchase from Russia.

While defending India’s oil imports from Russia, Jaishankar stressed that it is important to understand how the Ukraine conflict is impacting the developing countries. He also questioned why only India was being questioned while Europe continues to import gas from Russia amid the Ukraine war.

Responding to a question on whether India’s oil imports from Russia are not funding the Ukraine war, Jaishankar asked, “India buying Russia oil is funding the war… Tell me is that buying Russian gas not funding the war?”

“It’s only Indian money and Russian oil coming to India funding the war and not Russia’s gas coming to Europe not funding? Let’s be a little even-handed,” the external affairs minister had said.

Meanwhile, EAM Jaishankar also listed India’s soft powers – Yoga, Ayurveda, and Millets. External Minister also applauded the Commonwealth association as a “useful” association and gives India a “connect” with the Caribbean and Pacific.

(With inputs from ANI)