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Pakistan Economic crisis: For a long time the neighboring country Pakistan is facing serious economic and political crisis. Russia has taken steps to help poor Pakistan. According to media reports, Russia will provide crude oil to Pakistan at cheap rates.
Russian Crude Oil: The condition of Pakistan, which is facing economic crisis, is not hidden from the world. Along with the economic crisis, the political crisis in Pakistan is also deepening. After a long time, now Russia has shown mercy on poor Pakistan. Let us tell you that Russia will provide crude oil to Pakistan at cheap prices. Like it exports crude oil to India at cheap prices. Pakistan’s Petroleum Minister Musadik Malik has said that Pakistan will buy crude oil from Russia at low prices, for which it has also placed an order. For Pakistan, which is facing shortage of foreign exchange reserves, it is like a medicine in times of pain.
Pakistan became the third country to buy oil from Russia
According to media reports, Musadik Malik has said in one of his interviews that he will get the first consignment of crude oil from Russia in the month of May. The shipment of crude oil will start from Russia and stop at Karachi port. Even after selling oil to Pakistan at low prices, Russia will be profitable in it because amid international restrictions, Russia is able to sell oil to only 2 countries, including India and China, but now it will sell crude oil to Pakistan as well. Although Pakistan has made it clear that it will not buy refined fuel from Russia.
Prices not disclosed
Let us tell you that the war between Russia and Ukraine has been going on for more than a year. Because of this, western countries have imposed many economic sanctions on Russia. However, it has not yet been confirmed that in how many dollars per barrel Russia will provide oil to Pakistan. Significantly, in the year 2022, Pakistan had demanded a 30% discount on crude oil, which was rejected by Russia.