ISLAMABAD: Pakistan can import oil from Russia on deferred payment as the two countries are in talks to discuss the possibility, a senior government official revealed on Sunday following a recent meeting between the Prime Minister Shehbaz Sharif and Russian President Vladimir Putin on the sidelines of the Shanghai Cooperation Organization (SCO) in Samarkand.
“What we discussed during the recent interaction with the Russian side was the possibility of importing oil on deferred payment,” the official said, adding that Russia had expressed interest in reviewing the proposal, reported The Express Tribune.
Former Prime Minister Imran Khan has repeatedly accused the United States of being behind his ousting in April. Imran said he was punished for pursuing an “independent foreign policy”, particularly for his efforts to deepen ties with Russia. The United States has always denied any interference in the internal affairs of Pakistan.
According to The Express Tribune, the transcript released by the Russian side after the meeting between Shehbaz and Cheese fries only hinted that Moscow was unwilling to work with the new government often called an American “puppet” by Imran and his supporters.
As the United States moved with allies to punish Russian President Vladimir Putin for the war on Ukraine by sanctioning a range of Russian companies and oligarchs and adding others to a trade blacklist, the Pakistan plans to import Russian oil.
Pakistan’s monthly fuel oil imports are expected to hit a four-year high in June. The country’s fuel oil imports could climb to around 700,000 tonnes this month, after hitting 630,000 tonnes in May, according to Refinitiv estimates. Imports last peaked at 680,000 tonnes in May 2018 and 741,000 tonnes in June 2017.
Meanwhile, in June, the United States blacklisted 36 companies, including those from China and Pakistan, for supporting Russia in the Ukraine conflict.
US President Joe Biden’s administration has added five companies in China to a trade blacklist for supporting Russia’s military and defense industrial base.
The agency also added 31 other entities to the blacklist of countries including Russia, the United Arab Emirates, Lithuania, Pakistan, Singapore, the United Kingdom, Uzbekistan and Vietnam, according to the Federal entry. Register. Of the 36 total companies added, 25 had operations based in China, Al Jazeera reported.



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