Indian Foreign Minister explained refusal to join sanctions against Russia

Not all states agree with the sanctions imposed by developed countries, the Indian minister noted. He added that in the conflict between RUSSIA and Ukraine, India is in favor of negotiations Subrahmanyam Jaishankar

Developed countries use sanctions in situations convenient for themselves, while other states do not always agree to join such a policy, Indian Foreign Minister Subrahmanyam Jaishankar said in an interview with the Italian newspaper Corriere della Sera.

“These sanctions are essentially levers that developed economies have at their disposal, based on mechanisms, powers and instruments created over many years. They use these levers when it suits them. <...> This is being done as if the whole world agreed to sanctions. This is not entirely true,” Jaishankar said, answering the question of why developing countries do not join sanctions against Russia.

He noted that in the world “the concept of sanctions is perceived differently.”

In response to a question about the conflict between Russia and Ukraine, the minister recalled the position of Indian Prime Minister Narendra Modi, which he expressed to Russian President Vladimir Putin at a meeting in September 2022. “The current era is not an era of war,” Modi said then. Jaishankar noted that Kiev and Moscow will have to sit down at the negotiating table , and New Delhi is ready to “lend a helping hand.”

Modi noted in June that India is “not neutral” in the context of the Russian-Ukrainian crisis, but is on the side of peace and the need to respect “international law and the sovereignty of other states.” He indicated that he maintains contacts with both Putin and Ukrainian leader Vladimir Zelensky.

India has not officially joined the sanctions against Russia. A REUTERS source from the Indian government said the restrictions “have had a negative impact on the world.” However, Bloomberg’s interlocutors noted that the Indian authorities decided not to violate Western sanctions and comply with the price ceiling for Russian goods approved by the G7 countries.oil _ India has become Russia's largest oil

buyer this year . From January to May 2023 alone, Russia supplied almost 37 million tons of oil to this country, which is more than in the entire 2022.

Russia considers the sanctions illegal. As Putin claimed, they were aimed at “crushing the Russian economy,” but this did not work out. In September of this year, the HEAD of state said that the economic recovery after the “sanctions onslaught” had generally been completed.

Read PIONERPRODUKT .by Why Canadian banks stopped issuing car loans and taking out mortgages If only the boss didn’t find out: what managers go to for bonuses and KPIs Uranus at 15-year highs: what will happen next and how to make money on it How to sell to zoomers: a story of failure and revival Abercrombie & Fitch