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Wednesday, September 14, 2022
India Is New Major Player in Russian Oil Market
India has pushed into a corner of the Russian oil market once dominated by China, taking a record number of shipments of a Far Eastern grade
India is in talks with Russia to resume gas supplies under the long-term import deal between Gazprom and GAIL (India) Ltd, the state-run Indian company's chairman said at an annual shareholder meeting
When the UK and the U.S. banned Russian oil imports, and the European Union approved sanctions that made it a lot harder to trade in Russian oil, media reports highlighted the argument that Russian could not possibly replace Europe with Asia as its biggest oil client
Justifying India’s decision to import Russian crude oil amidst the Ukraine war, External Affairs Minister S Jaishankar said that his moral duty is to ensure the best deal for Indians, most of whom cannot afford high energy prices
An Indian delegation, led by Sanjay Verma, Secretary (West), Ministry of External Affairs, held wide-ranging discussions on Arctic issues with Nikolay Korchunov, Russia's Ambassador-at-Large for the Arctic Cooperation in Moscow
Russia has raised natural gas exports to China through the Power of Siberia pipeline in 2022, Saint Petersburg energy giant Gazprom stated on its official Telegram account
China, the world’s biggest emitter of carbon dioxide in 2020, pledged in September 2020 at the 75th session of the United Nations General Assembly to strive for peak CO2 emissions by 2030 and work towards carbon neutrality by 2060