Cooperation with Moscow has averted a global energy crisis and could help end the Ukraine conflict, Subrahmanyam Jaishankar claimed
Friendly relations between Moscow and New Delhi are an important element of international stability, Indian Foreign Minister Subrahmanyam Jaishankar told Sky News Australia in an interview published this week. According to the diplomat, the West should be less concerned about countries enjoying good relationships with Russia and more about diplomacy and ending the Ukraine conflict.
The minister defended New Delhi’s decision to increase oil purchases from Russia after the US and its allies slapped Moscow with unprecedented sanctions over the Ukraine conflict, which targeted Russia’s financial sector and international trade.
“If we had not made the moves we had, let me tell you the energy markets would have taken a completely different turn and actually would have precipitated a global energy crisis. It would have caused inflation across the world as a consequence,” Jaishankar said.
Imports of crude oil from Russia currently constitute nearly 40% of India’s total oil purchases, up from less than 1% before the escalation of the Ukraine conflict in February 2022. Earlier this week, the foreign minister said that he expected bilateral trade between the two nations to reach a target volume of $100 billion before 2030.
The minister was responding to Sky News host Sharri Markson, who said that New Delhi’s close ties to Moscow were causing “angst” in Australia. Jaishankar hit back by saying that “countries don’t have exclusive relationships” nowadays. Using the same logic, India should be worried about any country who has a relationship with its regional rival, Pakistan.
“What India has done and is doing with Russia is actually… helpful to the international community as a whole,” the minister said. He said that not only had India’s actions helped to avert a potential global energy crisis, but may also contribute to ending the fighting between Moscow and Kiev.
New Delhi can talk to both parties and “try to find some intersection in those conversations” to eventually find a way to get them both to the negotiating table, according to the top diplomat.
“I think the world, including Australia, needs such a country that will help bring this conflict back to the conference table,” he stated, adding that “conflicts rarely ends on the battlefield, mostly they end [through] negotiations.”
When further pressed by Markson on whether India is concerned about growing cooperation between Russia, China, North Korea and Iran, Jaishankar replied that such developments, which were further encouraged by the Ukraine conflict, show that the West should also be primarily interested in ending the hostilities.
”It’s in everybody’s interest that the sooner the conflict ends the better,” the minister said. “The longer the conflict drags out… all sorts of things are going to happen. Not all those things could necessarily be to Australia’s advantage or… that of Western countries.”
