America has once again given a statement on giving temporary exemption to India to buy Russian oil. White House Press Secretary Caroline Levitt told reporters that the Indian government was given this exemption because India has previously cooperated with international rules and sanctions. He said that this decision has been taken only for a short time and its purpose is to keep the oil supply stable in the world.
According to ANI, during the press briefing, Levitt said that this decision will not bring any major economic benefit to Russia. According to him, this step has been taken to meet the temporary shortage in the global oil market. Levitt also said that this decision was taken after discussions with Donald Trump, the US Treasury Department and national security officials. Describing India as a good partner, he said that India has followed the rules of sanctions earlier also.
Decision taken due to Iran war
According to the White House, this decision has been taken mainly in view of the disruption in global oil supply due to the Iran war. Levitt said that when the worldwide oil supply decreased, India was temporarily allowed to take Russian oil so that the market could remain stable. He also told that a large part of the Russian oil that was coming to India was already going via sea, hence the Russian government would not get any significant financial benefit from it.
Earlier this month, US Treasury Secretary Scott Bess had also said that the oil supply has been affected due to the ongoing war in the Middle East. He had said in an interview that America had earlier asked India to reduce the purchase of Russian oil and India cooperated in this. Now, in view of the reduction in global supply, temporary permission has been given to buy oil from Russia.
