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World Business Report: First broadcast 16/05/2023 14:32 GMT : EU pressure on India over processed imported Russian oil

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EU pressure on India over processed imported Russian oil

First broadcast 16/05/2023 14:32 GMT 

First broadcast 16/05/2023 14:32 GMT : EU pressure on India over processed imported Russian oil

BBC World Service - World Business Report, EU pressure on India over processed imported Russian oil

EU Foreign policy spokesman Joseph Borrell calls for a crackdown

EU foreign policy representative Joseph Borrell says Brussels is aware that India has been buying Russian oil in large volumes and processing it into fuel for sale in Europe.

EU officials are to meet India’s foreign minister Subrahmanyam Jaishankar amid concerns over processed imported Russian oil. The EU’s high representative for foreign policy Joseph Borrell says Brussel is aware that India has been buying Russian oil in large volumes and processing it into fuel for sale in Europe. In an interview with the Financial Times, he said the EU should crack down on India reselling Russian oil as refined fuels, including diesel, to Europe. Although the practice is not illegal under the EU sanctions on Russia, the issue is expected to be raised at the first meeting of India-EU Trade and Technology in Brussels.

Shares in Vodaphone nose-dived after the company announced 11,000 job cuts. The group employs around 100,000 people across Europe and Africa. New boss Margherita Della Valle said the company’s performance was ‘not good enough’.   

And – we report on the Ghanaian musician Mona Faiz Montrage, aka Hajia4Real, who has been extradited to the US and charged with a $2m romance scam.

(Picture: Courtesy Getty Images)

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First broadcast 16/05/2023 14:32 GMT : EU pressure on India over processed imported Russian oil

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