US Secretary of State Marco Rubio has admitted that additional restrictions on China for Russian oil refinement may increase global energy prices, while Washington has imposed additional charges on India to continue buying crude oil from Moscow. Speaking to Fox News on August 17, Rubio warned that targeting Chinese refineries will have devastating consequences on the global oil market. He said that if you impose secondary restrictions on a country, as it is in the case of oil shipment sent by Russia to China, China will simply refine that oil and send it back to the global market. The person who buy this oil will have to pay a higher price, or if it is not available, they will have to find alternative sources.
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Rubio revealed that European countries had already expressed unhappiness over such measures. He added, “When we discussed the Senate Bill that imposed 100 percent tariffs on China and India, we came to know from many European countries that they are unhappy with this possibility. Their comment came after his statement in which he had earlier stressed that India’s energy trade with Moscow has been a canker for Washington for a long time. Talking to Fox Radio said that the frequent purchase by Fox Radio said that the freedom of India said” Russian is helping to maintain war efforts and is definitely a matter of irritation in relations with the United States of New Delhi, although it is not the only issue.
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India’s energy needs are very high and include oil, coal, gas and the ability to buy things necessary to speed up its economy, as every country does. India buy them from Russia, as Russian oil is restricted and cheaper. In many cases, due to restrictions they are selling it at less than global price. This is helping to continue Russian war efforts. Therefore, this is certainly a point of disadvantage in our relations with India – not the only point of disturbance. There are many other points of our cooperation with him.