Home Business News India are ‘choosing to side with Putin’ with the ‘deadly Ukraine invasion’ by helping him to dodge sanctions in a major oil deal

India are ‘choosing to side with Putin’ with the ‘deadly Ukraine invasion’ by helping him to dodge sanctions in a major oil deal

by LLB Politics Reporter
16th Mar 22 11:00 am

Indian Prime Minister Narendra Modi has done a deal with Russia to import 3.5m barrels of oil which will see millions in Putin’s pocket to fund his war in Ukraine.

It has been reported that Moscow will oversee the delivery of the 3.5m barrels which was offered with a “huge discount” to India and they will provide insurance of the deal.

India imports around 88% of their oil and The Times of India said the deliveries of Russian oil will take many months.

Read more on Russia-Ukraine war:

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Putin set to be bailed out with billions as India seeks further ‘investment to the Russian oil and gas sector’

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A source said, “The implementation of the deal will mean that India does not close the doors to trade with its longtime ally Russia.”

Earlier this week, India’s Petroleum and Natural Gas Minister Hardeep Singh Puri confirmed New Delhi are interested in buying oil from Russia.

Russia’s deputy prime minister Alexander Novak said, “Russia’s oil and petroleum product exports to India have approached $1bn, and there are clear opportunities to increase this figure.”

Speaking to Puri, he discussed “current and potential joint projects in the fuel and energy industry and noted that current projects continue to be steadily implemented.”

He added, “We are interested in further attracting Indian investment to the Russian oil and gas sector and expanding Russian companies’ sales networks in India.”

However, Indian-American Congressman Dr Ami Bera expressed disappointment over reports that India is contemplating buying Russian oil.

“If reports are accurate and India makes this decision to buy Russian oil at a discounted price, New Delhi would be choosing to side with Vladimir Putin at a pivotal moment in history when countries across the world are united in support of the Ukrainian people and against Russia’s deadly invasion,” he said.

The US are furious and the White House Press Secretary Jen Psaki sent out a warning shot, “Our message to any country is to abide by the sanctions that we put in place.

“Also think about where you want to stand when the history books are written.

“At this moment in time, and support for the Russian leadership is support for an invasion that obviously is having a devastating impact.”

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