Even though the United States and other countries may not agree with India buying Russian oil, they have accepted it because New Delhi hasn’t taken a defensive stance and instead has made them understand the responsibility the government has to its citizens in the face of “unreasonably high” oil and gas prices, according to External Affairs Minister S. Jaishankar.
Jaishankar participated in an event where he met people from the Indian community after flying into Bangkok on Tuesday to attend the 9th India-Thailand Joint Commission Meeting.
In a conversation with the diaspora, Jaishankar justified India’s choice to purchase Russian oil at a reduced price despite Moscow’s ongoing conflict with Ukraine, claiming that many of India’s suppliers have switched their supplies to Europe, which is purchasing less oil from Russia.
Gas costs and oil prices are both “unreasonably high.” Because Europe is purchasing less oil from Russia, a large number of conventional suppliers to Asia are switching to Europe, he claimed.
“In order to lessen the impact of these high energy prices on its inhabitants, every nation will now attempt to negotiate the best bargain possible. Exactly that is what we are doing “Jaishankar responded to a query with a statement.
According to him, India is not acting in a “defensive approach.”
“Regarding our interests, we are being up front and sincere. I live in a nation where the average annual income is $2,000 per person. These individuals cannot afford increasing energy costs “said Jaishankar.