Last month, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said that there are no sanctions on the purchase of Russian crude oil, and the world will face serious consequences if the supplies are disrupted.
The comments have come against the backdrop of the US imposing punitive duties of 25% on India, in addition to 25% tariffs, for purchasing crude oil and arms from Russia. Speaking with reporters, Puri had said that Russia is the second-largest supplier of crude globally at nearly 10 million barrels a day, and warned that the world will face serious consequences if supplies are disrupted.
This is the reason why the world is not imposing sanctions on Russian oil, the career diplomat-turned-politician said. He also stated that many countries, including Turkey, Japan, and the European Union, purchase oil from Russia.
