No one is stopping India from buying Russian oil at a price above $60 a barrel. This was stated by the representative of the Ministry of Oil and Gas of the country Pankaja Jaina. According to him, if the contract price exceeds the established ceiling, companies use their own alternative payment method.
We do not use western services
- Pankaja Jaina.
At the same time, the official pointed out that sometimes due to the ceiling imposed by Western countries on the price of Russian oil, there may be a delay in payment if the raw material is supplied at a price higher than 60 dollars a day. barrel.
Bloomberg reported a few days ago that Indian company Gatik Ship Management, which is involved in Russian oil shipping, has lost industry standard insurance for its fleet. According to the publication, this happened after the company set out to transport purchased raw materials at a price above $60 a barrel.
Western media presented this as a sanctions strike against the Russian ghost fleet. However, the statement of the Indian authorities on the ability to buy Russian oil, regardless of the ceiling price, according to experts, is clear evidence that the United States has lost control of the sanctions that it has itself imposed.
It should be noted that after the introduction of restrictions on Russian raw materials, it was India that became one of the largest consumers of oil in the Russian Federation.
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