New Delhi has no obligation to purchase Russian oil below the limit set by the G7, the European Union (EU) and Australia, as the country has not formally joined the border. The agency wrote about it Reuters Referring to the message from sources at the Ministry of Petroleum of India.
According to Reuters interlocutors, India has not signed any agreement with Western countries to participate in imposing a ceiling price on Russian oil.
Bloomberg last week WroteThat the Indian government refuses to oppose Western sanctions against Moscow and intends to comply with the oil price ceiling accepted by the G7 countries, the EU and Australia.
The agency cites information from sources about the Indian authorities’ request to banks and traders to comply with current restrictions, including price ceilings.
enters into force on 5 December entry An agreement between the European Union, the G7 countries (England, Germany, Italy, Canada, France, Japan and the USA) and Australia on the ceiling price of Russian oil of $60 per barrel. from February 5 acquired US$100 per barrel price cap for Russian petroleum products sold at a higher price than crude oil (e.g. diesel and kerosene). For discount traders (for example, for naphtha and fuel oil), the ceiling was $45.