India News Today:-By driving a hard bargain with Russia in earning crude oil painting at the smallest price possible, A top Biden administration official has said That India is following the policy of G-7 countries to reduce Russian oil revenues and Washington is comfortable with New Delhi on issues related to energy security. Assistant Secretary of State for Energy coffers Geoffrey R Pyatt told PTI in an exclusive interview that there's “ no contradiction at all ” in India remaining one of the crucial global mates of the United States and the country’s adding procurement of blinked Russian crude oil. The commentary is seen as the first similar clear articulation of the Biden administration’s position on India’s adding procurement of blinked crude oil painting from Russia. Pyatt, during his February 16- 17 visit to New Delhi, said India is a critical mate for the US on everything around energy transition and both sides are looking sweat there are various options to significantly expand cooperation, including in the areas of green hydrogen and civilian nuclear energy. India's procurement of crude oil painting from Russia at a low price may align with the G7 approach to secure energy inventories at reasonable costs. The United States, as a member of the G7, recognizes the significance of dependable and affordable energy inventories for profitable growth and stability.
In recent times, the US has supported for a strategy of diversifying energy sources and promoting energy security. This approach has involved working with abettors and mates to secure access to different energy sources, including oil painting, natural gas, and renewable energy.
India's procurement of crude oil painting from Russia could be seen as a positive step towards diversifying energy sources and securing affordable energy inventories. This move could also contribute to broader sweats to reduce reliance on Middle Eastern oil painting and reduce the threat of force dislocations.
We have sweat a veritably good dialogue with the government of India on these issues, ” he added. As long as Vladimir Putin chooses this path of aggression, there will be no return to business with Russia as before," Piatt said.
India, the world’s third-largest crude importer after China and the US, has been snapping blinked Russian oil paintings after numerous western countries escaped it as a means of chastising Moscow for its irruption of Ukraine.
The G7 price cap that came into effect in December stops countries from paying further than USD 60 a barrel to Russia for oil painting procurement, with an end to stop Moscow from benefiting from its oil painting exports.
Pyatt, who served in Ukraine as the US minister, said Russian President Putin has not only lost his major request in Europe through his action but has also prodded the Europeans to double down their investment in clean and utmost secure energy sources.
