World

Russia’s Big No to Pakistan has a global message

Pakistan’s oil interest has failed badly. It did not hesitate to ask for the same discount India is getting on oil, which was straight forward refused by Russia. Citing existing contracts with large buyers, Russian officials refuse to give Pakistan same oil discount.

Though just to save the face, Pakistan claims that it got a discount from Russia. Nevertheless it failed to specify the rate at which the oil was offered to the south Asian country. Whereas media reports clearly say that Moscow ha refused to offer Pakistan the same rate at which it sells oil to India.

In spite of persistent requests made by Shehbaz Sharif, Vladimir Putin  refused to sell discounted crude oil to Pakistan at the same rates on which the commodity is being sold to India, over which Russia cites existing contracts with its big buyers.

lately occurred in this development during a meet in Moscow, where Pakistani representatives Minister of State (Petroleum division) Musadik Malik along with and Capt (retd), petroleum secretary Captain (Retd.) Muhammad Mahmood met Russian officials, this failed negotiation again proved debilitated global stature of Pakistan

Surging Russia’s oil exports to India is the outcome of the Ukraine war, where in its aftermath Moscow emerged as the largest oil contributor to India for around two consecutive months starting October 2022. As per the reports, India is now exploring options to become a global hub for exporting Russian oil to other countries including Bangladesh.

In its discussions with Central Asian countries as well as Russia, India frequently discusses ways to boost the capabilities of the INSTC being a viable Eurasian region transport corridor.

Significantly for India, in accordance with the reports, the Russian side also did not express interest in the Russia-Pakistan proposed oil pipeline project. Pakistan is left with looking for other options to better its relations with Russia keeping in view its multilevel global interests.

 

Parijat Tripathi

Recent Posts

ASEAN-India Alliance: A formidable Force Amidst Shifting Global Dynamics

The bilateral trade between India and ASEAN reached USD 86.9 billion in FY 2020-21, making…

1 year ago

India To Serve As Center For Green Hydrogen

By 2030, there will likely be a demand for more than 100 MMT of green…

1 year ago

How Bhutan’s Cross-Border Railway Connectivity With India Opens New Possibilities

Bhutan is gearing up to establish its first internationally connected cross-border railway with India’s north-eastern…

1 year ago

How Political Stability Under PM Modi Is Rocket-Fuelling New India

Opening his company’s first retail outlets in Mumbai and Delhi in May, Tim Cook, the…

1 year ago

COP28: INDIA’S IMPACTFUL ROLE

India’s robust engagement in COP28 amplifies its powerful message on the world stage. At this…

1 year ago

B20: INDIA’S VISION AND ACTION

The B20’s endeavors are carried out through Task Forces (TFs) and Action Councils (ACs), entrusted…

1 year ago