Moscow warns New Delhi against capping Russian energy prices

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On Friday, Moscow subtly warned New Delhi not to join in the move by Western countries to cap the prices of energy exported by Russia.

Denis Alipov, Moscow’s envoy to New Delhi, says Russia will stop supplying oil and gas to any nation that joins the move by the US and other Western nations to set a price cap to its energy exports. However, he left it to India to react to the proposal put forward by Mexican Foreign Minister Marcelo Luis Ebrard Casaubón at the United Nations General Assembly for the constitution of a committee with Prime Minister Narendra Modi. and some other leaders as members and to assign it. tasked with mediating between Russia and Ukraine and ending the six-month war.

“If we consider the prices to be unfair and unacceptable to us, we will simply stop supplying the oil to world markets and countries that join the US price cap initiative,” Alipov told reporters in New Delhi. .

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His comment came amid growing pressure from the United States and other Western countries on India to join the G7 decision to cap prices on energy purchased from Russia, which has continued its military operations in Ukraine.

The finance ministers of the G7 countries – Canada, France, Germany, Italy, Japan, the United States and the United Kingdom – agreed earlier this month that they would ban the shipping of crude oil and other petroleum products purchased above the price ceiling in Russia. This decision aims to limit Russia’s ability to finance its military operations in Ukraine. However, they did not immediately set the price cap and instead left the decision to a wider coalition of nations.

Alipov said if Western nations imposed the price cap, it would lead to a severe shortage of oil in world markets and the price would rise sharply. “India has so far taken a cautious approach to this idea. It will not benefit Indian interests,” the envoy from Moscow to New Delhi said. He expressed hope that India would pursue its own interests while deciding to buy energy from Russia.

In recent months, New Delhi has drawn criticism from the United States and other Western countries not only for refusing to join them in condemning Russia for its aggression against Ukraine – mainly because of its decades-old strategic partnership with and dependence on Ukraine. former Soviet Union nation for military equipment. India is also circumventing sanctions imposed by the United States and other Western countries on Russia and pursuing bilateral trade. He also increased oil and coal imports from Russia.

Although President Joe Biden’s administration has asked India to join the coalition to cap energy prices from Russia, New Delhi has so far said it will “carefully consider” the proposal before to make a decision.

Modi had recently held a bilateral meeting with Russian President Vladimir Putin on the sidelines of the Shanghai Cooperation Organization (SCO) summit in Samarkand, Uzbekistan.

“Today’s era is not that of war,” the Prime Minister had declared to the Russian President during the meeting. The Prime Minister’s appeal to the Russian President has been welcomed by the media and governments of Western countries.

“The West only uses the quotes that suit it while ignoring other parts (of Modi’s remarks during the meeting with Putin),” Alipov said.

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