Putin’s country’s biggest return gift to India! Amidst the oil crisis, Russia took such a decision, the country will be shocked

Amidst the ongoing fierce conflict in West Asia (Middle East) and increasing uncertainty in the global oil market, a very relieving and good news has come for India. Amidst the worldwide oil crisis, Russia’s state oil company Rosneft has announced that the supply of Russian crude oil to India will continue without any interruption. At a time when there is an atmosphere of fear in the whole world regarding oil supply and shipping routes (sea routes), this confidence of Russia is being considered as a lifesaver for India’s energy security. With this, there will be no shortage of oil in the country’s markets and will be of great help in keeping the prices of petrol and diesel under control.

India and China made bumper profits of more than ₹3 lakh crore

Igor Sechin, head of Russia’s largest state oil company Rosneft, has clearly said that the supply of Russian oil to India and China will remain completely stable. Giving a strong message to the global powers, he said that Russia is a very important part of the world’s energy market and it cannot be separated from the global supply chain at any cost. According to Sechin, this energy partnership of Russia with India and China has proved to be a profitable deal for both the parties. Making a shocking claim, he said that from April 2022 till now, India and China have got direct economic benefit of more than 40 billion dollars (about Rs 3.3 lakh crore) due to getting Russian oil at cheaper rates. This has helped both the countries in reducing their dependence on the expensive international market.

After all, why has Russian oil become a lifeline for India?

After the beginning of Ukraine war, when Western countries had imposed many stringent sanctions on Russia, then Russia started selling crude oil at huge discounts to friendly countries like India. The Indian economy got its biggest and direct benefit. India wisely imported record-breaking oil from Russia, which reduced the country’s import bill significantly. This strategic step helped a lot in reducing the pressure on fuel prices in the domestic market. Today, Russia is among the most prominent and reliable oil suppliers to India. Since India imports a large part of its total requirement from foreign countries, this cheap oil from Russia is very important for the progress of the country.

India’s energy demand will increase at rocket speed in future

Rosneft Chief Igor Sechin has said a big thing about the future of India, citing very important data of the International Energy Agency (IEA). He said that by the year 2035, daily oil consumption in India can reach about 80 lakh barrels per day. This figure will be about 44 percent more than India’s current consumption level. Due to the rapid economic growth in the country, large-scale industrial expansion and increasing population, India will remain the largest country in the world in the coming times, increasing the demand for energy within the world. In such a situation, experts believe that this historic energy cooperation between Russia and India is going to become even stronger in the coming years.

Russia will become India’s shield amid tensions in West Asia

At present, the war in West Asia and the increasing tension in the Strait of Hormuz have kept the whole world awake and have increased the concerns of global oil supply stalling. Let us tell you that this sea route is considered one of the most important oil transportation routes in the world, through which the oil of Gulf countries passes. Amidst this entire threat, Russia has surprised the international market by openly supporting India and continuing the uninterrupted supply of oil. Experts clearly believe that in the current global situation, this stance of Russia will keep India in a very strong and secure position in terms of energy sources.