News Karnataka
Thursday, October 06 2022
Delhi

Delhi: Importing Russian crude during global crisis for inflation management

Photo Credit : IANS

New Delhi: Finance Minister Nirmala Sitharaman on Thursday said that importing Russian crude oil at the time of a global crisis was a part of the government’s “inflation management”.

Speaking at a function here, she said that it was due to the “statesmanship of Prime Minister Narendra Modi” that while keeping up the relations with all countries, India managed to get the Russian crude.

The Finance Minister said that the Prime Minister was fully conscious of the political fallout of the decision to get Russian crude and “here I give credit to the statesmanship of the Prime Minister that we kept our relations with all countries and managed to get Russian crude. Even Japan is now doing this”.

She further elaborated that “at a time when the global crisis was going beyond anyone’s affordability and we reduced (fuel) prices in November last year and then in June (2022)… at that stage taking a strong political decision… I respect the Prime Minister for his courage to get crude from Russia because they were giving it at a discount”.

Otherwise, the Finance Minister said, India’s entire import only had 2 per cent of the Russian component. “It was ramped up to 12 per cent within a couple of months,” she added.

Share this:
MANY DROPS MAKE AN OCEAN
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published.

Visit 7Jackpots and find the best online casinos in India! Play the most popular casino games for real money!

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

To get the latest news on WhatsApp