Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Ambrey: Cameroon-flagged tanker issues distress call following explosion abroad, approximately 60NM south of Yemen's Ahwar.
Araghchi: Iran adopted a constructive approach in its engagement to ensure the European Union and the E3 fully honored their commitments and lifted all sanctions.
Araghchi: After a year of Iran’s full compliance with the agreement, it began implementing gradual, proportionate, and reversible compensatory steps in accordance with its recognized rights under the deal.
Araghchi: Iran demonstrated the utmost restraint in the face of repeated and fundamental violations and made extensive efforts to restore balance and preserve the agreement.
In his letter, Araghchi stated: The E3 failed to fulfill their obligations and instead imposed additional illegal sanctions on Iranian individuals and institutions.
Araghchi: These coercive measures constituted a grave violation of international law and the UN Charter, causing severe disruption in the implementation of the agreement.
Araghchi: Washington initially refrained from fulfilling its commitments, then withdrew from the agreement, reimposed its illegal and unilateral sanctions, and even expanded them.
Araghchi: UN Security Council Resolution 2231 has expired and fully ceased to be in effect as of today, in accordance with its explicit provisions.
Iranian Foreign Ministry: Reimposing sanctions on Iran is illegal
Occupied Palestine: Israeli occupation forces raid homes during a raid on the village of Al-Burj, south of al-Khalil

India rebukes US for warning against Russian oil imports

  • By Al Mayadeen Net
  • Source: Agencies
  • 19 Mar 2022 08:26
  • 2 Shares
4 Min Read

India prioritizes its interests in oil imports, disregarding the US agenda.

  • x
  • India rebukes US for warning against Russian oil imports
    India rebukes US for warning against Russian oil imports

India's public sector company, Indian Oil, purchased approximately three million barrels of crude oil after Russia offered a significant discount compared to Brent crude.

Jen Psaki, White House press secretary, cautioned India that purchasing Russian oil would place the world's largest democracy on the wrong side of history.

Interestingly, in a resounding rebuke to the United States, India has stated that it will continue to import energy from whatever sources best serve its interests, even if that includes Russia.

"India's legitimate energy transactions should not be politicized and countries self-sufficient in oil or those importing from Russia cannot credibly advocate restrictive trading," sources in the Indian Foreign Ministry told Sputnik.

Competition in the oil industry 

On Tuesday, White House Press Secretary Jen Psaki warned that purchasing Russian oil suggests "support for an invasion that certainly is having a disastrous impact," though she admitted that the purchases would not violate US sanctions.

Indian government sources stated that the rise in oil costs since the Ukraine conflict has enhanced the demand for competitive sourcing.

Related News

Millions to march in US ‘No Kings’ protests against Trump

LA County to pay $828 mln in new sexual abuse settlement

According to reports citing big importers of Russian oil and gas such as Germany, Italy, France, the Netherlands, Poland, and Lithuania, recent Western sanctions on Moscow contain exemptions to avoid the impact on Russian energy imports.

"Russian banks that are the main channel for European Union payments for Russian energy imports have not been excluded from SWIFT," the sources emphasized, sidestepping concerns expressed by several analysts about how the oil purchase from Russia is paid for.

Read more: 10 years to replace Russian energy supply

 

India, the world's third-largest energy consumer, has acquired three million barrels of crude oil from Russia at a significant discount to the current Brent crude price.
 
According to sources, the Russian side offered a 27 to 30% reduction compared to international pricing.
 
Commodities monitoring and analytics firm Kpler revealed that India has acquired 360,000 barrels of oil per day from Russia so far in March, over four times the 2021 average.

Sources added that India might buy 15 million barrels of crude oil from Russia soon.

Russian deputy PM, Indian oil minister Puri

Russia's deputy prime minister, Alexander Novak, met with India's oil minister, Hardeep Singh Puri, earlier this week.

"We are interested in attracting further Indian investment to the Russian oil and gas sector and expanding Russian companies' sales networks in India," Novak said.
 
Energy has become a powerful symbol of the long-standing "special and privileged strategic collaboration" with Indian and Russian enterprises, which has resulted in various collaborative projects since 2016.

Read more: US, EU sanctions on Russia impact gas, oil, currency & more

 

Rosneft owns 49% of Nayara Energy, a private Indian company that operates the country's second-largest refinery.

The Indian government's budget predictions for the current fiscal year have been thrown off by an unexpected increase in crude oil and gas prices.

Since 85% of India's crude oil requirement (five million barrels per day) must be imported, increasing commodity prices might cost the country 1.6% GDP.

Most imports are from the Middle East (Iraq 23%, Saudi Arabia 18%, UAE 11%). The US has also become an important crude oil source for India (7.3%).

Read more: India, Russia discuss Rupee-Ruble exchange amid sanctions
  • India
  • Russian oil
  • United States
  • Jen Psaki
  • Russia
  • Washington
  • Ukraine
  • Sanctions on Russia
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

Iran strikes secret Israeli-US bunker under Tel Aviv high-rise

Tel Aviv high-rise struck by Iran hid Site 81, secret US-Israeli base

  • Politics
  • 14 Oct 2025
Palestinian journalist Saleh al-Jaafarawi in an undated image in Gaza, occupied Palestine (Social media)

Gaza Palestinian journalist Saleh al-Jafarawi killed by collaborators

  • Politics
  • 12 Oct 2025
drop site

New report details extensive Israeli arson in Gaza after ceasefire

  • Politics
  • 13 Oct 2025
Illustration of fists breaking shackles, representing the liberation of Palestinian detainees from Israeli prisons. (Illustrated by: AL Mayadeen English/Batoul Chamas)

4 prominent Palestinian detainees to be freed: Who are they?

  • Palestine
  • 13 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Residents remove debris from a house damaged by Wednesday's two drone strikes, in Kabul, Afghanistan, Thursday, Oct. 16, 2025 (AP)
Politics

Afghanistan-Pakistan negotiations to begin in Doha: Exclusive

Palestine Action wins court fight to challenge UK terror ban
Politics

Palestine Action wins court fight to challenge UK 'terror' ban

John Bolton surrenders after classified documents indictment
Politics

John Bolton turns himself in after classified documents indictment

GSF, GMTG slams EU over complicity in Gaza genocide
Politics

GSF, GMTG slam EU over complicity in crimes against Palestinians

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS