WITH US SANCTION RUSSIA ASKS INDIA TO BOOST IT INVESTMENT IN OIL AND GAS SECTOR.
Russia has asked India to increase its investment in Moscow's oli and gas sector, Reuters reports.
"Russia oil and petroleum product exports to India have approached $1 billion, and there are clear opportunities to increase this figure figure," Russian Deputy prime minister Alexander Novak was quoted by the international news agency.
" We are interested in further attracting India investment to the Russian oli and gas sector and expanding Russian companies' sales network in India," Novak Reportedly told union Petroleum nad Nutural Gas Minister Hardeep Singh Puri.
On the backdrop of the war between Russia and Ukraine the United States of America (USA) banned oli imports from Moscow las week.
USA has outlined plans to phase them out by the end of ongoing year, In all likelihood, this move will disrupt the global energy market as per the report by Reuters.
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