US urges India to think twice before buying Russian oil — Analysis

The White House press secretary asked New Delhi to consider its place in the “history books” as it mulls Russia’s offer for cheaper crude

Washington has urged India not to go through with a plan to purchase discounted Russian crude oil, saying the move would amount to supporting Moscow’s “leadership”New Delhi official said that India would participate in its military offensive in Ukraine. “happy”To accept the offer

Jen Psaki from the White House said countries should reflect on their historical role when dealing with Moscow in relation to its attack against Ukraine. She also noted that this would not violate any Western economic sanctions.

“Our message to any country continues to be, obviously, abide by the sanctions,”She added “I don’t think this would be violating [the sanctions]But think about your future. And support for the Russian leadership is support for an invasion that obviously is having a devastating impact.”

Psaki’s comments come after two Indian officials told Reuters that New Delhi is currently weighing the Russian offer, with one noting his country is likely to take it. Another report suggests that the two countries have been working together to create a bilateral trading mechanism that includes rubles and rupees. While India currently imports only about 3% of its oil from Russia, skyrocketing prices – up 40% so far this year – could make Moscow’s proposal more attractive.

India looks to boost non-dollar trade with Russia

Also, the press secretary was asked to comment on reports that Saudi Arabia might soon trade its abundant oil for Chinese currency (the yuan), and that officials are currently in “active talks”She was interested in such an arrangement but she declined to comment as she wasn’t familiar with the discussions. 

To date, India has declined to join the United States and a long list of Western allies in condemning Russia’s military action in Ukraine, abstaining from a United Nations vote to do so earlier this month. Moscow claims that the attack was unprovoked. Ukraine denies it. “special operation”These goals are to “demilitarize” “denazify”After years of conflict between the Kiev government, separatist forces from the Donbass area and the Kiev government, the country was liberated.

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