EU tries to corner India on Russian oil, Jaishankar responds with pinpoint legal regulation rebuttal

TL;DR

The legal basis for imposing sanctions on Russian crude is discussed, highlighting its transformation in a third country.

Transcript

so I really don't see the basis for your question there is I think no doubts about the legal basis of the sanctions the Russian crude is substantially transformed in the Third Country then it's not treated as Russian anymore it is a discussion that we will have with friends but it will be with an uh extended hand and and of course not with a a poin... Read More

Key Insights

• ❓ There are no doubts about the legal basis for imposing sanctions on Russian crude, which is hinged on its transformation in a third country.
• 🇷🇺 Council regulation 833-2014 provides guidance regarding the treatment of Russian crude once it is substantially transformed outside of Russia.
• 🤗 The approach towards discussing sanctions should be one of collaboration and open-mindedness, focusing on strengthening partnerships.

Questions & Answers

Q: What is the legal basis for imposing sanctions on Russian crude?

The legal basis lies in the transformation of Russian crude in a third country, after which it is no longer considered Russian. Council regulations support this concept.

Q: How does the speaker respond to the suggestion of imposing sanctions on refined oil products from India using Russian oil?

The speaker dismisses the suggestion, stating that Russian crude, when substantially transformed in a third country, is no longer treated as Russian. Council regulation 833-2014 should be referred to for further clarification.

Q: Is there room for discussion regarding the legal basis of sanctions on Russian crude?

While the legal basis is clear and there are no doubts about it, the speaker expresses a willingness to engage in discussions with an extended hand and openness, aiming to strengthen partnerships rather than simply imposing sanctions.

Q: What was the spirit of the Third Country Transformation Council (TTC) meeting?

The speaker highlights a strong willingness and openness at the TTC meeting to substantially strengthen partnerships, reflecting a positive approach towards collaboration.

Summary & Key Takeaways

• The speaker emphasizes that there are no doubts about the legal basis of the sanctions on Russian crude, which are applied when it is significantly transformed in a third country.

• The Council regulations support the notion that once Russian crude is transformed in a third country, it is no longer considered Russian.

• The speaker suggests having discussions with an extended hand and openness to strengthen partnerships, rather than pointing fingers or imposing sanctions.