US Asked India to Buy Russian Oil in 2022 to Stabilise Markets: Jaishankar
US Asked India to Buy Russian Oil in 2022: Jaishankar

Jaishankar Reveals US Request for India to Buy Russian Oil

External Affairs Minister S Jaishankar has stated that the United States specifically requested India to purchase Russian oil in 2022 to help stabilise global energy markets. He asserted that New Delhi's decisions were guided by cost and availability rather than ideology.

Context of the Statement

Speaking during a panel discussion at the Kultaranta Talks alongside Finland Foreign Minister Elina Valtonen and UAE Assistant Foreign Minister Lana Nusseibeh, Jaishankar noted that India had not been a significant buyer of Russian crude oil before the outbreak of the Ukraine conflict.

"At that time, the US specifically asked India to buy Russian oil to stabilise the world markets," he said, adding that changing positions on sanctions showed there was "no great principle involved here."

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Critique of Sanctions Approach

Jaishankar remarked, "Right now, if you see, after having first put tariffs on us last year for buying Russian oil, the US then again lifted its sanctions. So let's not pretend that there is some great principle involved here. We are all adults in the room. We know what the game is."

Reasons for Turning to Russian Supplies

The minister explained that circumstances in 2022 compelled India to turn to Russian supplies as European countries were buying large quantities of Middle Eastern oil, traditionally India's primary source of imports.

"I buy oil based on cost and availability. Much of the oil available on the market was Russia because Europeans were essentially buying up the Middle East oil, which was our traditional supply," he said.

Russia as a Reliable Supplier

Describing Russia as a reliable supplier, Jaishankar said Moscow had consistently ensured the availability of cargoes and India had purchased whichever oil was "most reasonable and available."

Response to European Criticism

Addressing criticism from Europe over India's energy ties with Russia, Jaishankar said New Delhi had never endangered European security, while weapons supplied by some European countries had been used against India for years.

"No European country has been attacked with Indian weapons. I wish I could say that for European weapons vis-à-vis India," he said.

Differing Global Perceptions

On differing global perceptions of the Ukraine war, Jaishankar said it was unrealistic to expect countries outside Europe to view the conflict with the same urgency.

"The expectation that Ukraine, because it is so strong in Europe's calculus, is therefore shared by the rest of the world to the same degree is no more reasonable. Every region has its own priorities," he said.

He maintained that India's approach had been shaped by national interests and prevailing market realities rather than "sanctimony."

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