No govt-to-govt purchases happen in India: Foreign Secretary on G7 price cap on Russian oil | News – Times of India Videos


Sep 15, 2022, 08:50PM ISTSource: ANI

Reacting to G7 price cap on Russian oil, Foreign Secretary Vinay Kwatra on September 15 said that India procures energy from market and not through government-to-government purchases. Addressing a Press Conference, Kwatra said, “India is not a member of the G7… What form it (price cap on Russia) takes and evolves into is something that the people of the countries that have floated that idea can perhaps better answer to.” “We’ve said this several times when the Indian entities go out and try to respond to India’s need for energy security, they essentially procure it from the market. These are not government-to-government purchases that we do,” he said.


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