Bucking pressure from Western powers, India, which during the last several months sourced Russian oil at heavily discounted spot rates, is now seeking long term contracts to safeguard itself against future uncertainties. In business contract parlance, the long term contract always comes out at a better rate than the spot prices, which are more susceptible to volatility. S Jaishankar, the country's serving external affairs minister and a former diplomat, has been the primary mover and shaker behind India's stance since the start of the RussiaUkraine war in February 2022. Prior to that, he served as India's ambassador to China, the United States, and Singapore.
With the G7 price cap on Russian crude at $60 per barrel going into effect, with a no-nonsense approach, Jaishankar vehemently defended its import of crude oil from Russia, claiming that New Delhi's purchases in the past nine months were only one-sixth of those made by Europe.
Bu hikaye Autocar Professional dergisinin 15th December 2022 sayısından alınmıştır.
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Bu hikaye Autocar Professional dergisinin 15th December 2022 sayısından alınmıştır.
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