00:00Russia is optimistic that sanctions from the United States will not affect oil exports to India.
00:12This statement was made by Pavel Sorokin, the first Russian Energy Minister,
00:16who said with confidence that US sanctions against Russia will not affect trade between Moscow and India.
00:22Pavel also added that he is still too young to assess the impact of the latest restrictions.
00:31Pavel Sorokin, the first Russian Energy Minister,
00:35said with confidence that US sanctions against Russia will not affect trade between Moscow and India.
00:42Pavel also added that he is still too young to assess the impact of the latest restrictions.
00:46India became the largest buyer of Russian oil at a discount price after Western countries imposed sanctions on Moscow
00:53and limited their energy purchases as a response to the Russian invasion of Ukraine in 2022.
00:59Last month, Washington imposed further sanctions targeting the Russian oil supply chain,
01:04causing tanker freight rates to soar as some buyers and traders in China and India avoided ship shipments under sanctions.
01:12Russian oil supplies to India fell in December and January from their previous six-month levels.
01:18Indian Oil Corp., the largest oil refinery in the country,
01:22said last month that they face the potential for a decrease in Russian oil imports this fiscal year,
01:27which ends on March 31, following the latest US sanctions against Moscow.
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