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- India Rejects Eu Sanctions on Russian Oil, Foreign Secretary Vikram Misri Criticizes Double Standards
New DelhiA few moments ago
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Foreign Secretary Vikram Egyptian said that India keeps its energy security at the top and it will protect its interests in terms of buying Russian oil.
Foreign Secretary Vikram Egyptian today, ie on July 22, said that India keeps its energy security at the top and will protect its interests in terms of buying Russian oil. This statement came just before Prime Minister Narendra Modi’s visit to Britain. Western countries are pressurizing India over Russian oil imports.
Vikram Egyptian said, energy security is the biggest priority of the Government of India. We will do what is necessary to meet the needs of our 1.4 billion people. He also said that there should not be double standards in the case.
EU imposed restrictions on Russian oil
The European Union (EU) has announced new sections on Russia on 18 July 2025 over the Ukraine War. In this, the price cap of Russian oil has been reduced from $ 60 per barrel to $ 47.6 per barrel. Also, imports of refined fuel like petrol and diesel made from Russia oil have also been banned.
This is expected to affect countries like India, Türkiye and UAE. These countries refine Russian crude oil and export fuel like diesel, petrol and jet fuel to Europe.
Bharat Petroleum Products Impact
- According to GTRI founder Ajay Srivastava, “India’s European Union is threatening the export of $ 5 billion petroleum products. India’s petroleum exports to EU have already decreased by 27.1%. FY24 has come down from $ 19.2 billion to $ 15 billion in FY25.
- EU’s sanctions may have the biggest impact on Naira Energy and Reliance, which is India’s largest fuel exporter. Naira Energy holds a 49.13% stake of Russian company Rosneft at the Wadinar Refinery in Gujarat. Therefore, Naira may also face problems in banking support.
Naira Energy is looking for a legal way
Naira Energy also described these sanctions as “unfair”, saying that she is looking for legal avenues to protect the interests of its operations, employees and stakeholders. The company said in the statement, “Our refinery plays an important role in meeting India’s energy needs. These restrictions violate India’s sovereignty and affect the needs of 1.4 billion Indians.”
India and Russia oil trade
India has increased oil imports from Russia since the commencement of Ukraine War in 2022. Earlier, where India’s oil imports from Russia were less than 1%, it has now reached 40-44%. In fiscal 2025, India imported crude oil of $ 50.3 billion from Russia, which is more than one-third of its total $ 143.1 billion oil imports. Russia’s discounted prices have helped India to control inflation.
America also remained pressure
Apart from EU, the US has also increased pressure on BRICS countries like India, China and Brazil on Russian oil imports. US President Donald Trump and Senator Lindsay Graham have warned that if these countries continue to buy Russian oil, heavy tariffs from 100% to 500% can be imposed on them.
On Fox News, the American senator said, “I would tell China, India and Brazil that if you keep buying cheap Russian oil, so that this war continues, we will put heavy tariffs on you. He said,” We will shatter your economy, because what you are doing is like blood money.
