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Wednesday, 16 Oct 2019 05:28 pm

India’s Finance Minister Does Not Agree with Us Sanctions on Venezuela and Russia

Indian Finance Minister Nirmala Sitharaman believes that the nation wants to comply with the global sanctions, including the U.S. sanctions, but will also maintain its strategic interests

Image Source: Official Facebook Page of Nirmala Sitharaman

 

The US in January imposed the toughest sanctions yet on Venezuela’s oil industry. The move has scared away some global customers, but with few alternative suppliers of heavy oil, Indian refiner Reliance Industries Ltd has been buying Venezuelan crude from Russian major Rosneft.

“India wants to comply with global sanctions, including U.S. sanctions on Venezuela and Russia, but also needs to maintain its own strength and strategic interests,” said Finance Minister Nirmala Sitharaman said in an interview.

Sitharaman also added that the Indian government has expressed its view to the United States.

“In specific issues which are critical for India’s strategic interests, we have explained to the United States that India is a strategic partner for the United States of America and you want a strategic partner to be strong and not weakened,” she said. “We value the strong partnership with the USA, but we should equally be allowed to be a strong economy.”

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Neha Pandey

Aware of her elements, Neha writes the best articles across industries including electronics & semiconductors, automotive & transportation and food & beverages. Being from the finance background she has the ability to understand the dynamics of every industry and analyze the news updates to form insightful articles. Neha is an energetic person interested in music, travel, and entertainment. Since past 5 years, she written extensively on sectors like technology, finance and healthcare.


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