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India says it will look carefully at Russian oil price cap, rejects moral duty to boycott Moscow

2022-09-06 11:10:43       source:CNBC

September 5, 2022

Indian Petroleum Minister Shri Hardeep Singh Puri on Monday said the country will carefully assess whether to support a G-7 proposal to impose a cap on the price of Russian oil.

“There are many conversations going on due to a large number of factors,” Puri told CNBC’s Hadley Gamble at Gastech 2022 in Milan, Italy.

Asked whether India would sign up to the G-7 proposal to put a price cap on Russian oil, Puri said the world economy was still adjusting to the impact of the coronavirus pandemic and Russia’s invasion of Ukraine.

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