Russia said on Friday that it would stop supplying oil painting to the global request if the price range proposed by the G- 7 countries isn’t applicable.
Russia’s minister to India Denis Alipov said at a press conference,” If we believe that prices aren’t fair and inferior to us, we will stop supplying oil painting to global requests and countries that are involved in the US action on price limits “are involved” in New Delhi.
He said that Russia would not follow any medium mischievous to its business interests.
With warrants assessed by Western countries having little effect on Russia, G- 7 countries and the European Union have assessed oil painting price limits on Russian crude and refined products to limit the Kremlin’s profit.
Before this month, a statement issued by G- 7 finance ministers said the price cap was specifically designed to reduce Russian earnings and reduce Ukraine’s capability to fund the war.
Alipov said that the price cap will lead to a severe deficit of oil painting in the global requests and the prices will rise sprucely.
The US has asked India to join a coalition to limit Russian oil painting prices, but New Delhi has said it’ll” precisely examine” the offer before taking any decision.
“India has so far taken a careful approach to this idea. It’ll not be salutary to Indian interest,” Alipov said, admitting that India will pursue its interest if such a move is enforced.
Asked about Prime Minister Narendra Modi’s appeal to Russian President Vladimir Putin on ending the conflict in Ukraine, Alipov said the reflections are in line with India’s position on the issue.
“The West only uses quotations that correspond to them, ignoring another corridor,” he said.
During a meeting with Putin in Samarkand, Modi told the Russian leader that” moment’s period isn’t of war”, a comment that was seen as a public reproach by a section of world leaders.
On reports of Pakistan transferring arms to Ukraine, Alipov said if similar delivery took place, it would hurt Russia’s relations with Pakistan.
“So far there have been unconfirmed reports. I don’t know the facts. However, it’ll have an impact on our relations with Pakistan, no mistrustfulness about it, If it’s verified.