India to continue purchasing Russian oil, irrespective of Western Tantrums

India to continue purchasing Russian oil, irrespective of Western Tantrums

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India to continue purchasing Russian oil, irrespective of Western Tantrums

Vinay Kumar said that some Indian companies had entered into long-term agreements on import of oil with the Russian side
India will support an increase in imports of Russian oil to its market, the country’s ambassador to Moscow Vinay Kumar said in an interview.
“This issue primarily concerns the market conditions, prices, and logistics. Our work includes simplifying this mechanism [of purchases of Russian oil] by concluding shipping agreements, new sea corridors for Indian importers and Russian exporters to consider it reasonable and commercially profitable to continue trade, which was so important for growth of trade turnover to the level mentioned. So we will continue encouraging further imports of Russian oil to the Indian market,” he said.
Some Indian companies have entered into long-term agreements on import of oil with the Russian side, the diplomat added. “So intentions are in place, whereas the market conditions and logistics facilitate the implementation of large volumes,” he noted.
India has made it very clear to the World and especially the Western countries, that it will buy oil from wherever it comes at the cheapest
Rate or from wherever it pleases.