mo4ch:>India to boost energy cooperation with Russia amid US moves against Iran – official | Mo4ch News

New Delhi is planning to expand Indian partnership with Russia in the energy sector, according to India’s ambassador to Russia, Bala Venkatesh Varma.The decision reportedly comes amid the latest US sanctions against Iran, among other reasons.“We are planning to extend our energy cooperation with Russia,” the ambassador said in an interview with RIA Novosti.Read more “India’s biggest foreign investments are directed into Russia’s energy sector. In the same way, Russia has invested lots of money into the Indian energy.”According to Varma, Moscow and Delhi are in constant talks on how to deepen their energy cooperation.The ambassador said the energy partnership will definitely be boosted, especially because of the potential impact of sanctions on Iran introduced by Washington earlier this year.“We think Russia is playing a crucial part in the process of stabilizing the global oil market. We appreciate Russia’s role in eliminating the volatility of oil prices,” Varma said, stressing that I…