Russian envoy responds to US reaction to PM Modi’s comments to Putin on Ukraine war

Russia on Friday mentioned it could cease supplying oil to the worldwide market if the worth cap proposed by G-7 international locations was not truthful.

“If we take into account the costs will not be truthful and unacceptable to us, we’d merely cease supplying the oil to world markets and to these international locations that be part of the US initiative on the worth cap,” Russia’s Ambassador to India Denis Alipov mentioned at a press convention in New Delhi.

He mentioned Russia wouldn’t observe any mechanism detrimental to its commerce pursuits.

With sanctions imposed by western nations making scant influence on Russia, the G-7 international locations and the European Union have mooted an oil worth cap on Russian crude and refined merchandise to restrict Kremlin’s revenues.

Earlier this month, an announcement issued by G-7 Finance Ministers mentioned the worth cap was particularly designed to scale back Russian revenues and its potential to fund the Ukraine struggle.

Alipov mentioned the worth cap will result in acute scarcity of oil within the world markets and the worth would sharply go up.

The US has requested India to hitch the coalition to cap the costs of Russian oil, however New Delhi has mentioned it could “fastidiously look at” the proposal earlier than taking any choice.

“India has to date taken a cautious strategy to this concept. It is not going to be useful to Indian curiosity,” Alipov mentioned, acknowledging that India would pursue its personal curiosity if such a step will get applied.

Requested about Prime Minister Narendra Modi’s attraction to Russian President Vladimir Putin on cessation of hostilities in Ukraine, Alipov mentioned the remarks have been in step with India’s place on the problem.

“The West makes use of solely these quotes that swimsuit them whereas ignoring different components,” he mentioned.

Throughout a gathering with Putin in Samarkand, Modi had advised the Russian chief that “at the moment’s period will not be of struggle”, remarks that have been seen by a piece of world leaders as a public rebuke.

On stories about Pakistan transferring arms to Ukraine, Alipov mentioned if such deliveries have taken place it could have a unfavorable influence on Russia’s relations with Pakistan.

“As of now there have been such unconfirmed stories. I have no idea concerning the details. If there’s a affirmation of this there shall be an influence on our relationships with Pakistan there is no such thing as a doubt about that,” the Russian envoy mentioned.

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