NEW DELHI: State-owned GAIL on Friday said it is open to buying Russian oil and gas assets, shunned by Western companies following Russia’s invasion of Ukraine. While announcing the fourth quarter result, Manoj Jain, chairman of GAIL, said India’s largest gas transmitter can’t be anything if it is not making any business and nobody can stop it from doing business anywhere. “GAIL is open to do business anywhere in the world, including Russia,” said Jain.
European countries led by the US have imposed heavy sanctions on Russia since it started a military operation on Ukraine. These countries are also pressuring India not to purchase oil and gas from Russia. However, many European oil companies are still dealing with Russian oil and gas companies.
