India’s offer to Russia to bypass Western sanctions; “Joint insurance and oil tanker construction”
India’s ambassador to Russia suggested that New Delhi and Moscow jointly build oil tankers and solve issues related to ship insurance to ensure the continuity of oil trade.
In a situation where America is intensifying anti-Russian pressure on other countries of the world, New Delhi’s ambassador in Moscow made suggestions for the continuation of energy relations between India and Russia.
Russian media sources reported that Pawan Kapoor, India’s ambassador to Russia, during the “Russia-India Strategic Partnership” conference, while defending the good relations between the two countries, proposed a solution to Moscow to overcome the Western sanctions pressure.
According to “Rashatudi”, India’s ambassador to Russia suggested that Moscow and New Delhi should jointly explore the construction of oil tankers and the establishment of energy insurance companies.
According to the above report, this proposal of the ambassador of New Delhi in Moscow was raised in a situation where the European Union, the Group of Seven and Australia have imposed a $60 limit on the export of Russian oil, which prevents Western shipping and insurance companies from transporting Russian crude oil shipments that are higher than The set price is prohibited.
“(Russia’s) oil shipments to India, which was Russia’s largest importer for three consecutive months until December (2022), have been effectively boosted by Western sanctions, and the country is buying crude oil at a discount,” Rashatudi continued. New Delhi has not agreed to these restrictions; Restrictions that have increased transportation and insurance costs and led to a shortage of oil tankers.
