India has informed the United States that in order to stop the import of Russian oil, it is essential to lift the ban on oil supplies from Iran and Venezuela. This was reported by Bloomberg, citing a source familiar with the negotiations.
ΠDuring the trade talks in Washington, the agency reported, the Indian delegation stressed that the simultaneous cessation of oil imports from Russia, Iran and Venezuela - which account for a significant share of the global energy market - could led to a sharp increase in the prices of oil and petroleum products.
ΠThe Indian representative said that the lifting of sanctions against Iran and Venezuela is a necessary condition for fulfilling the White House's demand for the world's most populous country to stop importing Russian oil.
ΠIn August The United States has imposed an additional 25% tariff on Indian goods over purchases of Russian crude oil. The Indian Ministry of External Affairs has called the measures "unfair". Despite pressure, the country's oil refineries have no plans to cut off Russian energy supplies.
ΠDuring a speech just days before the UN General Assembly, US President Donald Trump returned to the issue again, accusing India and China of "financing the fighting in Ukraine" because of their economic cooperation with Russia.