Russia Ukraine War: Russia wants India's investment in oil and gas

INTERNATIONAL DESK:

 Western nations, including the United States, have begun imposing various financial sanctions on Russia over its attack on Ukraine.  Russia has not faced such a major financial crisis since the collapse of the Soviet Union in 1991, according to a section of the international economic community.  In this context, Moscow is focused on strengthening relations with India in the field of oil and gas.  Janal investment application.  The message is to increase the supply of oil.
 Informed quarters consider Russia's interest in the crisis to be significant.  But with the West imposing one sanctions after another on Russia, questions are also being raised about how safe it would be for India to hold their hand tighter.
 The Russia-Ukraine war started on February 20.  Three weeks have passed since then.  Although meetings between the two sides have conveyed a message of hope, there is still no sign of improvement on the ground.  On the contrary, during this period, various financial sanctions have been imposed on Russia by the United States and various countries led by Britain.  The United States has imposed sanctions on Russia over its oil imports this week.  Britain says it will be reduced to zero by the end of this year.  According to the concerned quarters, imposing such a blockade on the world's second largest oil exporter would mean disruption of oil supply in the international market.  In that case, crude oil prices could reach even more dangerous levels.
 Russia's Deputy Prime Minister Alexander Novak has sent a message to Indian Oil Minister Hardeep Singh Puri seeking investment in the oil and gas sector.  "Russia's oil and petroleum exports to India have reached close to  1 billion," he said in a statement issued by the Russian embassy in Moscow.  There is an opportunity to increase this number further.  We are keen to get more investment from India in our oil and gas sector.  And India is willing to increase the sales infrastructure for our products, ”he said.  Just suggested solving the problem through discussion.  On the other hand, due to the escalation of the financial blockade, Moscow has set a trap in Delhi to reduce the price of oil supplies.  However, the extent to which India can respond to this call cannot be said right now.
 Russia has a longstanding strategic relationship with India in the field of energy and defense.  Russia is one of the largest suppliers of defense equipment to India.  India's state-owned oil companies have good partnerships in Russia's oil and gas fields.  Several Russian companies, including Rosneft, have partners in the country's Nyara Energy refinery.  Although the blockade has shaken the knots, experts say the two countries have suffered.