No Result
View All Result
Saturday, August 29, 2026
MM News
اردو
  • Home
  • Latest News
  • National
  • Crime
  • Opinions
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Crime
  • Opinions
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • National
  • Crime
  • Opinions
  • The Other Side-Pakistan
Home Opinion & Editorial Editorial

India buying Russian oil

Editorial by Editorial
March 19, 2022
Reading Time: 2 mins read

The Ukraine war has strained the relations between India and United Sates. The Biden administration seems to be in a tight rope over New Delhi’s refusal to join the US and allies in condemning Russia and attempts to isolate President Putin.

The US has now warned India not be proceed with plans to purchase discounted crude oil from Russia, saying the move would be seen as supporting the military offensive in Ukraine. The US has banned all energy imports from Russia and has imposed sanctions on the oil and gas sector. US authorities are however unsure whether the purchases by India would be a violation of these sanctions.

India remains defiant and has defended the continued buying of Russian oil, saying European countries are still purchasing gas from Moscow. Indian refineries have stocked themselves and have purchased several million barrels of Russian oil at discounted prices. India is the world’s third largest consumer of crude and relies almost 80 percent on imports for its needs but Russia provides a marginal one percent.

ADVERTISEMENT

India has historically had close ties with Russia which was demonstrated when it avoided Western pressure and abstained from voting thrice at the UN Security Council. Now Russia wants India to increase oil exports which has touched S1 billion. There is indication that India will continue to keep trade with Russia open.

US, Britain and European countries are urging India to avoid buying Russia oil and gas but haven’t stated the consequences for violating sanctions. White House spokesperson said she doesn’t believe that the purchases violates US sanctions. This statement shows the dual standards of Western countries in dealing with India.

While India has deepened ties with the US since the past two decades, it has also relied on Russia for military assistance. It also views Russia as bulwark against regional dominance from China. President Biden made his frustration known in the early days of the Ukraine conflict but a realignment has not yet been worked out.

The West needs to condemn India for its closeness with Russia over maintain a distance. In such a situation, Pakistan has an opportunity to seek greater approachment with both sides. It also has a chance to purchase oil at discounted rates from Russia despite the sanctions.

ShareTweetSendShare
Previous Post

CJCSC calls on military leadership in Germany, Switzerland

Next Post

SBP and Banks hold Mela in Faisalabad to promote financing for affordable housing

Related Stories

Dr. Amir Shaikh is former IGP of AJK and Karachi Police Chief
Opinion

The Missing Reform: Changing the Character of the State

August 17, 2026
Jamil
Opinion

Pakistan vs UNSC: Can the Veto Power Be Reformed?

August 16, 2026
Opinion

Daily oil price review and inflation targeting in Pakistan

August 10, 2026
Jamil
Opinion & Editorial

Pak-Saudi-Türkiye Pact: A New Shield Amid Iran War

August 9, 2026
Next Post

SBP and Banks hold Mela in Faisalabad to promote financing for affordable housing

Latest

Body of unidentified woman found in Surjani Town drain

9 hours ago

Govt cuts petrol and diesel prices

9 hours ago

Woman allegedly raped and murdered by nephew in Gujrat

10 hours ago

Lahore man arrested over sexual assault of 8-year-old girl

10 hours ago

KP, Punjab issue alerts for heavy rain, flooding, landslides until Sept 5

11 hours ago

Mobile package prices surge up to 22% in a year: PTA

11 hours ago

5-year-old girl crushed to death by Suthra Punjab vehicle

12 hours ago

Missing baby case takes new turn after Karachi hospital denies birth

13 hours ago

Latest

Body of unidentified woman found in Surjani Town drain

9 hours ago

Govt cuts petrol and diesel prices

9 hours ago

Woman allegedly raped and murdered by nephew in Gujrat

10 hours ago

Lahore man arrested over sexual assault of 8-year-old girl

10 hours ago

KP, Punjab issue alerts for heavy rain, flooding, landslides until Sept 5

11 hours ago

Mobile package prices surge up to 22% in a year: PTA

11 hours ago

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • National
  • Crime
  • Opinions

© Copyright 2024 MMNews - All Rights Reserved.