Feb 20 โ€ข 14:26 UTC ๐Ÿ‡ท๐Ÿ‡บ Russia RT

US wants India to buy Venezuelan oil โ€“ envoy

The US is negotiating with India to encourage the purchase of Venezuelan oil instead of Russian oil supplies.

The United States is actively engaging in discussions with India, aiming to shift its oil import strategy away from Russian supplies towards Venezuelan oil. US Ambassador to India, Sergio Gor, announced that the US Department of Energy is in talks with the Indian Ministry of Energy to facilitate this transition. The negotiations are a part of a broader strategy by the US to influence global oil markets and reduce reliance on Russian crude, particularly following the sanctions imposed in the wake of the Ukraine conflict.

This push comes after the US issued licenses to two trading companies for the distribution of Venezuelan oil, an action that coincides with the ongoing political crisis in Venezuela. The US has been trying to strengthen its position in the global oil market by supporting the interim government led by Delcy Rodriguez, following the controversial actions against Venezuelan leader Nicolas Maduro. The US is keen on navigating international alliances and trade routes that can provide it leverage against rival nations like Russia.

India's growing energy needs and its strategic partnerships will play a crucial role in determining the outcome of these negotiations. With India and China being the main remaining buyers of Russian oil after sanctions were imposed on Moscow, the US aims to secure a more favorable oil trading environment. The outcome of these discussions could significantly impact global oil prices and the geopolitical landscape in the context of energy security and supply chains.

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