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Russia Pakistan: Pakistan (Pakistan) had made a deal with Russia to buy cheap oil like India. However, now water seems to be running on the dreams of Pakistan. Pakistan, which is facing economic crisis, had made a deal to import oil at cheap prices. The reason is Special Purpose Vehicle. Let us tell about this condition of Russia.
Pakistan had made a deal to buy oil from Russia at cheap prices. However, Russia put a condition that it should also create a Special Purpose Vehicle (SPV) to handle the shipment of oil like India.
Recently, a Russian delegation had reached Karachi to discuss the quality and price of Ural crude oil. But saw that Pakistan still had not taken enough steps to create a Special Purpose Vehicle (SPV). The delegation looked very dissatisfied and expressed their displeasure with Pakistan.
At the same time, Russia told that it is not giving discount to Pakistan like India. Now two raw cargoes have reached Pakistan from Russia. But Pakistan has not yet got the discount. Pakistan has not yet been able to convince Russia. At the same time, Pakistani refineries are also pulling out of oil refining.
The first consignment of crude oil reached Karachi Port in June. Pakistan used the Chinese currency Yuan for its payment. Pakistan had cleverly bought oil from Russia at a cheap price and sold it in dollar value to save foreign exchange reserves. But water seems to be turning on his plans.
Pakistan has kept itself neutral in the Russia-Ukraine war. But it has come to know on several occasions that he has sold weapons to Ukraine with the help of a third country. At the same time, the visit of Ukrainian Foreign Minister Dmitry Kuleba last week. Both these issues may have angered Russia. It is not known yet, but Russia has put a condition of SPV for buying crude oil.
