India’s procurement of crude oil at lowest price from Russia furthering G7 approach: US
By driving a hard bargain with Russia in procuring crude oil at the lowest price possible, India is furthering the policy of G7 nations to reduce Russian oil revenues and Washington is comfortable with New Delhi on issues relating to energy security, a top Biden administration official has said.
Assistant Secretary of State for Energy Resources Geoffrey R Pyatt told PTI in an exclusive interview that there is “no contradiction at all” in India remaining one of the key global partners of the United States and the country’s increasing procurement of discounted Russian crude oil.
The comments are seen as the first such clear articulation of the Biden administration’s position on India’s increasing procurement of discounted crude oil from Russia.
