Russian embassy in India said Moscow would continue to supply oil to India, and Vladimir Putin would meet with Indian Prime Minister Narendra Modi by the end of the year, Reuters writes.
Russian Ambassador to India Roman Babushkin told reporters that Moscow had a “very, very special mechanism” to continue supplying oil to India. He added that the volume of crude oil imports from Russia would not change. As for the meeting between Putin and Modi, the ambassador said that the exact dates had not yet been determined.
The United States, citing the purchase of Russian oil as the reason, plans to raise import tariffs on Indian goods by 25% on the 28th of August.
Russian oil imports to India multiplied after Moscow’s full-scale invasion of Ukraine,
when most Western countries refused to use Russian natural resources. At the same time, the US has not imposed similar sanctions on China, which is also a significant buyer of Russian crude.
In July, the European Union imposed sanctions on Indian oil refiner Nayara Energy, which uses Russian oil. This forced the company to scale back its operations, and other companies stopped cooperating with Nayara Energy.
Meanwhile, Russia’s trade representative in India said that trade with India could grow by 10% this year.
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