“If we contemplate that the costs will not be truthful and unacceptable to us, we’ll merely cease supplying the oil to world markets and to international locations that be a part of the American worth cap initiative,” the Russian ambassador advised India Dennis Alipov mentioned at a press convention right here.
He mentioned Russia is not going to observe any mechanism that’s detrimental to its industrial pursuits.
Whereas the sanctions imposed by Western international locations have little influence on Russia, the G-7 international locations and the European Union have proposed an oil worth cap on Russian crude and refined merchandise to restrict Kremlinearnings.
Earlier this month, an announcement launched by G-7 finance ministers mentioned the value cap was particularly designed to scale back Russian income and its potential to finance the warfare in Ukraine.
Alipov mentioned the value cap will trigger a extreme scarcity of oil in world markets and the value will rise sharply.
The USA has requested India to hitch the coalition to cap Russian oil costs, however New Delhi mentioned it might “rigorously contemplate” the proposal earlier than making a call.
“India has to date taken a cautious strategy to this concept. It is not going to be helpful to Indian pursuits,” Alipov mentioned, acknowledging that India would pursue its personal pursuits if such a measure had been carried out.
Requested about Prime Minister Narendra Modi’s attraction to the Russian president Vladimir Poutine on the cessation of hostilities in Ukraine, Alipov mentioned the remarks had been according to India’s place on the matter.
“The West solely makes use of the quotes that swimsuit it whereas ignoring different elements,” he mentioned.
Throughout a gathering with Cheese fries in Samarkand, Modi had advised the Russian chief that “the period of as we speak shouldn’t be certainly one of warfare”, remarks that had been seen by a few of the world leaders as a public rebuke.
Relating to experiences that Pakistan has transferred weapons to Ukraine, Alipov mentioned that if such deliveries occurred, it might have a adverse influence on Russia’s relations with Pakistan.
“As of now, there have been such unconfirmed experiences. I do not know the info. If there’s any affirmation of this, it would influence our relationship with Pakistan, there isn’t a doubt about that.” , mentioned the Russian envoy.
