Spike in oil price is breaking India’s back, says Jaishankar in US

India, which has a USD 2,000 per capita economy, is concerned over the spike in the price of oil due to the Russia-Ukraine conflict and it is “breaking our back,” External Affairs Minister S Jaishankar said on Tuesday.

Addressing a joint press conference with US Secretary of State Antony Blinken after holding bilateral talks, Jaishankar said there is a very deep concern among developing countries about how their energy needs are addressed.

Speaking about the Ukraine war, he said: “We have taken the position privately, publicly, confidentially and consistently that this conflict is not in anybody’s interest.”