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NEW DELHI: India connected Thursday firmly rejected the United Kingdom's latest sanctions targeting Russia’s lipid assemblage and Indian firms, reiterating that it does not recognise unilateral sanctions, informing against "double standards" successful vigor trade."We person noted the latest sanctions announced by the UK... We bash not subscribe to immoderate unilateral sanctions. The Government of India considers the proviso of vigor information a work of paramount value to conscionable the basal needs of its citizens," MEA spokesperson Randhir Jaiswal said."We would accent that determination should beryllium nary treble standards, particularly erstwhile it comes to vigor trade," helium added.These remarks came aft the UK authorities announced 90 caller sanctions connected Wednesday, targeting Russia’s lipid exports and entities linked to its vigor trade, including India’s Nayara Energy Limited.
The move, coordinated betwixt the UK’s Foreign, Commonwealth and Development Office (FCDO) and the Treasury, aims to "strike astatine the heart" of Russian President Vladimir Putin’s "war chest" successful the struggle with Ukraine."Today’s enactment demonstrates the government’s determination to chopped disconnected Putin's gross streams – targeting Russian companies and their planetary enablers," the FCDO said successful a statement.The sanctions screen 4 lipid terminals successful China, 44 lipid tankers allegedly portion of a "shadow fleet" transporting Russian crude, and Nayara Energy, which the UK claimed had imported 100 cardinal barrels of Russian lipid worthy implicit $5 cardinal successful 2024.
London said the measures were meant to choke disconnected vigor revenues feeding Putin’s "war chest" amid the struggle successful Ukraine.In response, Nayara Energy reaffirmed its compliance with Indian laws, stating that, "Nayara Energy operates successful afloat compliance with the laws and regulations of India. As an Indian company, we are profoundly committed to supporting the nation’s vigor information and fostering economical growth.""We categorically authorities that this unilateral determination by the European Union is founded connected baseless assertions, representing an undue hold of authorization that ignores some planetary instrumentality and the sovereignty of India," it added.The UK said its latest measures besides straight people Russia's lipid giants Rosneft and Lukoil, which unneurotic export astir 3.1 cardinal barrels per day. The FCDO noted that Rosneft unsocial accounts for astir fractional of Russia’s lipid accumulation and astir six per cent of planetary supply.
