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News India Live, Digital Desk: The fierce war raging in West Asia has created an outcry in the entire world. Due to the ongoing war between Iran and Israel-America, the global supply chain has collapsed and there is a huge fuel crisis in many countries. In this difficult time, one of India’s oldest and most trusted friends has come forward and extended a strong helping hand. Russia has made a big offer to supply more quantity of crude oil and natural gas to India to deal with the global fuel crisis.
Russian Deputy Prime Minister himself came to Delhi and assured help Russian Deputy Prime Minister Denis Manturov, during his two-day visit to India, has directly assured the Indian government of overcoming this crisis. Manturov met Prime Minister Narendra Modi, Foreign Minister S. Held very important meetings with Jaishankar and National Security Advisor (NSA) Ajit Doval. Giving information about this meeting on social media, PM Modi said that in his meeting with the Russian Deputy Prime Minister, strategic issues like trade, mutual connectivity and supply of fertilizers were discussed in detail. In these meetings, emphasis was laid on taking bilateral cooperation to a new level, especially in the oil and gas sector.
A huge crisis was looming due to the closure of the Hormuz waterway. In fact, due to the ongoing tension between Iran and America-Israel, the world’s most important and busiest sea waterway ‘Strait of Hormuz’ has effectively come to a standstill. The thing to note is that India imports about 90 percent of its oil and gas needs through this sea route. Due to the closure of this waterway due to the war, many merchant ships coming to India got stuck midway, due to which there was a great concern about fuel supply. In this difficult situation, Russia has openly opened its treasures to India.
India will get up to 40 percent more fertilizer After these high level meetings, the situation has been made very clear in the statement issued by the Russian Embassy. The statement said that Russian energy companies have immense potential to continuously increase the supply of oil and Liquefied Natural Gas (LNG) to meet the huge demand of the Indian market. Apart from this, Manturov also clarified that Russia has significantly increased the supply of high-demand mineral fertilizers to India by 40 percent by the end of 2025. Both the countries are also working rapidly on a joint project for carbide production.
India’s diplomacy worked, sanctions were bypassed As soon as the sound of war in West Asia was heard, the Indian government had prepared a masterplan for its energy security. India increased oil imports from Russia, Venezuela and many other countries in time. The most important thing was that despite the heavy pressure of American sanctions, India continued to purchase Russian oil by following its independent foreign policy. Now this bold diplomatic decision is proving to be the biggest lifeline for India’s economy during this terrible global crisis.
