Russia Offers India Help In Overcoming Oil Price Cap Imposed By West

TL;DR

Russia has offered India help in overcoming oil price cap being imposed by western nations amid the war in Ukraine."In order not to depend on the ban on insurance services and tanker chartering in the European Union and Britain, the Deputy Prime Minister of Russia Alexander Novak has offered India cooperation on leasing and building large-capacity ships," the Russian embassy in New Delhi said.Western nations have been critical of India's move to keep buying oil from Russia amid the war in Ukraine.While India has many times called for peace negotiations over Ukraine, it has stood firm by its stand that it will keep buying oil from wherever it gets a good deal.We buy oil from multiple sources, but it is a sensible policy to go where we get the best deal in the interests of the Indian people and that is exactly what we are trying to do," Mr Jaishankar had said."

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