Nueva Delhi: The latest sanctions of the United States should not hinder oil trade with India, since they are based on economic considerations, the first Vice Minister of Russian Energy Pavel Sorokin Said on Tuesday, qualifying the additional “illegal” curbs.
“Our relationship with India is based on economic pragmatism. That will continue to be the basis of our cooperation in the future. We believe that energy trade should not be hindered by politics. We do not believe that the sanctions are a legitimate instrument and will continue working with our partners bilaterally and multilaterally, ”Sorokin said outside the Indian Energy Week.
He said that it is incorrect to judge the impact of the curbs of the reduction in the flow of Russian oil to India after the sanctions slapped by the outgoing Biden administration on two Russian oil producers, oil and insurers.
“You cannot judge the situation based on a few weeks of data. More time is needed to evaluate these things. But we believe that constructive relationships will continue to succeed, ”said Sorokin.
Russia will continue to supply energy “whatever” required by the global market despite Western pressure such as “we have bilateral ties … and we are working in market conditions and continue to do so,” he said.
Rejecting the claims of technological challenge due to the sanctions, Sorokin said that Russia has the necessary technology at your disposal to develop its resources and will continue to be an important global player in the energy sector.
