Despite the restrictions imposed by the European Union, India has increased its purchase of oil from Russia, which has led Western countries to express their dissatisfaction with India.
According to the news, Indian oil companies are buying crude oil from Russia and using it to produce goods that they are selling in the European market, rendering the imposed restrictions on Russia ineffective.
The European Union has complained that India is buying oil from Russia and selling products made from that oil to European countries.
In this regard, the head of the European Union’s foreign policy, Josep Borrell, said in an interview the other day that the European Union should take action against India’s move.
It should be noted that since the beginning of the Russia-Ukraine conflict, India has purchased the most oil from Russia. This has also benefited India as oil companies are producing refined products and making substantial profits.
Josep Borrell stated that it is normal for India to buy oil from Russia, but if they are becoming a center for refining Russian oil and selling the prepared products to us, then we need to take measures to counter that.
He mentioned that during a meeting with the Indian Foreign Minister, S. Jaishankar, the attack on Ukraine by Russia was discussed, including the issue of food security, but there was no discussion about Russian oil.
Meanwhile, Margrethe Vestager, Vice-President of the European Commission, said that the European Union will discuss the matter with India but it will be a dialogue rather than a confrontation. It appears that currently the European Union depends on India in terms of business dealings, so they are not openly discussing the issue.
