“Russian oil purchases in India are not violated

India’s oil refineries say their Russian crude purchases are compatible with the rules of sanctions, noting that the C7 CAP was designed to maintain the flow of oil supplies and prices. “Under the current sanctions engineering, Russian crude purchases in India are legal when performing or less than the maximum appropriate compliance. The directives of the United States and the European Union allow the third country’s purchases in or less than the maximum,” said executive managers in the industry Business Business.

The sources indicated that the United States has explicitly supported such a purchase to achieve prices in prices and that the latest European Union procedures mainly tighten access to its market, and do not impose a global embargo.

We hypocrisy

The charge of hypocrisy is essential for New Delhi’s decline against the recent US criticism. The 2024 clip, which was reaffirmed at the time, is showing Eric Garste, saying that Washington “wanted to buy someone (Russian oil) with a price ceiling” to prevent the price of oil price.

The current comments by Treasury Secretary Scott Beesant Volt for “profit” have sharpened the discussion; While other critics in Washington, including Peter Navarro, the main architect of Trump’s commercial policies, claimed that India is working as a “sweeping of Karmlin”, and that its purchases help Russia to finance its war in Ukraine.

“Don’t buy if you have a problem”

The Minister of Foreign Affairs S. Jaishhankar, publicly for the latest criticism, saying that if American or European buyers “suffer from a problem” with refined fuel by Indian companies, they must buy them.

Industry sources indicated that the maximum price does not prohibit crude worldwide, and instead, it only limits shipping, insurance and financing above the maximum with the requirements for saving records. Separately, the European Union now agreed to a ban from next year to import refined fuel made of Russian crude even if it was treated in the third countries.

To date, no Indian refinery has violated the price points, the sources said. Only one company, Nayara Energy, was added to the list of sanctions in Russia in the European Union on July 18 this year, because it is owned by Russia. In 2017, Trafigura-UCP acquired a consortium from Rosevet, where she got Essar Oil Ltd for about $ 13 billion, as she later naming Energy Nayara Energy. The deal was the largest in Russia abroad, and the largest foreign internal investment in India at the time.

“Great Oil gain”

Regarding the claims of US officials that the Indian “large oil” was a “beneficiary” of Russian crude oil, the sources indicated that India imposed the riots in mid -2012 and later withdrew them in December last year. Recently, the Cabinet has agreed to 30,000 rupees to compensate the government marketers for the lack of liquefied natural gas, as this sources stated as evidence that part of any raw gains have been rotated through social and infrastructure investments. The executive officials in the industry added that logistical services have been eaten in margins, with the increase in shipping to India sometimes to about 7-8 million dollars per trip before diluting the margins with the narrow discounts.

Regarding the consumption of Russian oil, the Paradip refinery was formed from the Indian for high sulfate, while the Reliance Industries Mukeesh Ambani (among the most advanced in the world) is estimated at an average of 47 percent Russian raw amount, and fluctuates with arbitration, according to the coating in KPLER.

The sources said: “The private refining refineries in India are structurally directed and smart on the argument, while retailers at Prince Sultan University dominate local sales and shoulder social obligations.”