External Affairs Minister S Jaishankar
Ever since the beginning of the Russia-Ukraine war, a series of fluctuations in oil prices has started to be seen. about war Russia Sanctions were imposed, which affected its economy. Meanwhile, India continued to buy oil from Russia at cheap rates. Fingers were raised on India regarding this, for which everyone has got a befitting reply. Questions are being asked again and again about buying Russian oil from India. A similar question was also asked by the Foreign Policy Chief of the European Union, to which he got a ‘severe’ answer.
In fact, European Union’s Foreign Policy Chief Joseph Borrell demanded action on India’s refined products, which are being prepared through Russian oil. In response, India’s Foreign Minister S Jaishankar advised Joseph that he should look at the EU Council Regulation. Jaishankar said that it is clearly written in the EU Council Regulation that when Russian oil has been changed to a third country and it can no longer be considered Russian. I would suggest you to look at the Council’s Regulation 833/2014.
Also read: Russian currency increased in India, know how it will be used?
Why did Jaishankar have to answer the diplomat?
This statement of Jaishankar has come at a time when European Union diplomat Joseph Borrell said that EU should take action on India. Explaining the reason for this, he said that India is selling Russian oil in Europe by converting it into refined fuel i.e. petrol-diesel. Joseph says that where western countries are intensifying action on Russia’s energy sector and putting pressure on it. On the other hand, they are also working to buy Russian oil.
#WATCH , My understanding of council regulations is that Russian crude is substantially transformed in a third country & not treated as Russian anymore. I would urge you to look at Council’s Regulation 833/2014: EAM Dr Jaishankar when asked about EU Foreign Policy chief Josep pic.twitter.com/5Dh5PH9yfX
— ANI (@ANI) May 17, 2023
No problem in buying oil from Russia: Foreign policy chief
The Foreign Policy Chief told the Financial Times that India buys oil from Russia, he has no complaints about it. But the European Union should take action on the products made in India from Russian oil.
Also read: India can become number one in buying oil from Russia
Borrell and Jaishankar met during the Trade Technology Talk in Brussels. But he was not present when Jaishankar reprimanded him for his statements to India in a press conference. Another diplomat from the European Union said that India and Europe are friends and they should maintain normal relations with each other and not point fingers.