Tuesday, July 5, 2022
HomeWorldAmerica's Restlessness Increased Due To This Move Of India And Russia

America’s Restlessness Increased Due To This Move Of India And Russia


Despite heavy pressure from America and European countries not to buy oil from Russia, India and China are buying Russian crude oil indiscriminately. This thing is constantly troubling America. US President Joe Biden’s economic adviser, Cecilia Rouse, says that Russia’s oil consumption through India and China is more than her estimates.

Globally, there was a fall in the price of crude oil in West Texas Intermediate, and it was around $105. At the beginning of this month, the cost of crude oil was $ 122 per barrel.

China is the only country where oil is shipped from Russia’s Pacific Coast ports. Most of the oil is exported to India from the western coasts of Russia.


India and China are the countries where maximum crude oil is being supplied from the ports of Russia. China and India are buying almost half of Russia’s oil from these ports.

In the first week of June, about 860,000 barrels of oil were loaded per day into tankers at Russia’s western export terminals. This oil was later sent to Asian countries.

India and China are buying Russia’s crude oil more than the US estimates

Cecilia Rouse, chair of Biden’s Council of Economic Advisers, said, “There is a lot of turmoil in the oil markets at the moment. I have heard China and India are buying more Russian oil than anticipated.


Rouse made this statement at a time when Biden asked Congress to remove the tax on petrol for three months to give some relief to consumers. Biden wants this tax to be removed to increase the market’s oil supply.

On Biden’s move, Rouse said the fall in global oil prices would pass on to consumers, but challenges remain. “We welcome the drop in prices; hopefully, consumers will also benefit from it, but we also know that this war (Russia-Ukraine war) is not going to end tomorrow,” he said.

However, there are no indications that Congress will accept Biden’s request. Biden had also asked the states to remove the tax imposed on gas; some states have already done so.


Let us tell you that after the war on Ukraine, America and European countries imposed many types of sanctions on Russia. Among them, the export of Russian oil was also banned. After this, Russia started selling crude oil to many countries, including India and China, at huge discounts.

Ashish Kumar Mishra
Ashish Kumar Mishrahttps://www.spotnews18.com/
Ashish Kumar Mishra is the Founder and CEO at Spot News 18. He created Spot News 18 on 30 June 2019. His intention to make these News Websites was only to provide correct and official news to his readers. Now, he is working on Spot News 18 to expand his website reach to all parts of the world.

Related News


Bhojpuri: Akshara Singh’s Mother Is The Most Dangerous Mother-in-Law

You all must have known Akshara Singh. She is also called the queen of Bhojpuri cinema. Because Akshara has never shied away from playing...

PCB President Ramiz Raja Drives In A Bulletproof Vehicle In Pakistan

Pakistan Cricket Board: Ramiz Raja, President of the Pakistan Cricket Board, has recently made a necessary disclosure. Ramiz Raja told the National Assembly Committee...

Warning! New Variant Of Corona In India: 69 Cases Reported In 10 States

Over the last 14 days, more than 10 thousand new corona cases have been reported daily in the country. Additionally, the new sub-variant BA.2.75...

Alia Bhatt’s Lookalike Dominates The Internet; Surprised To See

Big thanks to social media! After all, it is something like this. Social media has introduced users to the lookalike of many of their...

Pakistani Show Hasna Mana Hai Copied The Kapil Sharma Show?

A new controversy has arisen about Pakistani comedian Tabish Hashmi's comedy show 'Hasna Mana Hai'. This show is doing great in TRP. The show...