The US urges India not to step up imports of Russian oil as other nations wean off their reliance
- US President
Joe Bidentold India's Narendra Modithat buying more Russian oilisn't in the country's interest.
- He said Washington stands ready to help India diversify its sources of energy.
US President Joe Biden asked India's Prime Minister Narendra Modi not to increase purchases of Russian oil, saying it isn't in the country's best interests to do so.
In an hour-long video call Monday, Biden said the US could help India diversify its sources of energy, but stopped short of making a "concrete ask" of Modi, Reuters reported, citing an official.
"The president … conveyed that we are here to help them diversify their means of importing oil. The imports from the United States are already significant, much bigger than the imports that they get from Russia," White House spokesperson Jen Psaki told reporters, according to Reuters.
India, the world's third-largest consumer of oil, doesn't get much of its supply from Russia. In 2021, it purchased about 12 million barrels from Russia, making up only 2% of its total imports.
"The president also made clear that he doesn't believe it's in India's interest to accelerate, or increase imports of Russian energy, or other commodities," Psaki added.
Psaki didn't specify whether India had made any commitment towards Russian energy imports.
Russia's war against Ukraine has led the US and its allies to impose sweeping sanctions, including bans on
Both the US and the UK have banned Russian oil imports. The European Union hasn't yet done so because it's more reliant on Russian supplies.
Beyond Europe, India and China have been buying cargoes of cheap Russian oil. Neither country has overtly condemned Russia for its invasion of Ukraine. But Psaki said India has now spoken out more forcefully against reported atrocities, "particularly as it relates to the horrific photos that we saw around Bucha."
"Recently, the news of the killings of innocent civilians in the city of Bucha was very worrying," Modi said on Monday. "We immediately condemned it and have asked for an independent probe."
Modi said he had recently suggested to Russia that President
Still, unlike other members of the Quad countries – the US, Japan, and Australia — India hasn't imposed direct sanctions on Russia. It's purchased at least 13 million barrels of Russian crude since the invasion, according to Reuters.
India abstained when the UN General Assembly last week voted to suspend Russia from the Human Rights Council over its atrocities in Ukraine.
Indian external affairs minister Subrahmanyam Jaishankar on Monday defended India's oil purchases from Russia.
"I suspect, looking at the figures, probably our total purchases for the month would be less than what Europe does in an afternoon," he said.
A US official told Reuters that "we haven't asked India to do anything in particular," adding that the Modi government will make its own judgments after a candid conversation.
"We've seen them take steps to provide humanitarian assistance and a range of assistance, but it is something we always encourage leaders to do – to speak out, to be vocal, to ensure they are on the right side of history," Psaki said about the Indian government.
Read More: GOLDMAN SACHS: Buy these 18 deeply oversold stocks that have upside of at least 50% over the next year
- A 24-year-old stock trader who made over $8 million in 2 years shares the 4 indicators he uses as his guides to buy and sell
- My fiancé and I picked out my engagement ring together before he proposed, and I don't regret missing out on the surprise
- Financial inclusion made easy for India’s small merchants with Paytm’s pioneering QR codes and Soundbox
- India’s May manufacturing reading shows quickest expansion rate in 12 years
- Sensex, Nifty50 trade in the green amidst volatility: Coal India, Airtel, Maruti Suzuki amongst top losers
- 10 Must-Do activities on your next Darjeeling Trip
- Govt received ₹1,70,501 crore in April as revenue
- Shubman Gill, Sunil Narine, Virat Kohli & more: IPL man of the series winners since 2008