India calls out Western double standards on energy trade
Indian Foreign Minister S. Jaishankar emphasized the selective application of principles when it comes to oil sanctions Read Full Article at RT.com
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New Delhi’s top diplomat has hit out at the selective application of principles after the US imposed new sanctions on Russian oil
Indian Foreign Minister S. Jaishankar has called out Western double standards on energy trade, days after the US and EU announced new restrictions on the Russian energy sector.
Speaking at the 20th East Asia Summit in Malaysia on Monday, Jaishankar highlighted growing concerns about “the reliability of supply chains and access to markets.”
“Energy trade is increasingly constricted, with resulting market distortions. Principles are applied selectively and what is preached is not necessarily practiced,” Jaishankar said.
His remarks followed new US sanctions targeting Russian oil majors Rosneft and Lukoil, which are among the key suppliers of crude to Indian refineries.
Earlier, Washington imposed a 25% punitive tariff on India, in addition to a 25% “reciprocal” tariff on its exports, citing purchases of Russian oil and weaponry by the South Asian nation. US officials have accused New Delhi of playing a role in fueling the Ukraine conflict, which India has firmly rejected.
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