Terrorists killed 26 tourists in Pahalgam, after which there was huge outrage in whole India.
India demolished many terrorists’ camps in Pakistan and POK under Operation Sindoor.
During India Pakistan tension, Azerbaijan supported Pakistan. Due to this, India started boycotting Azerbaijan.
As per Moneycontrol, India is third largest importer of crude oil from Azerbaijan. It contribute 98% of total import from Azerbaijan.
As per report, India could stop or decrease its crude oil import from Azerbaijan.
Indian Trade Organization is demanding to stop any type of import from Azerbaijan.
Report of Moneycontrol says that India imported crude oil worth 1.227 billion dollar from Azerbaijan in 2023.
In 2024, India imported crude oil worth 733 million dollar from Azerbaijan which shows reduction in import.
Even after reduction in import of crude oil from Azerbaijan, it is an important supplier for India‘s energy import strategy.
At current, there is no significant negative impact on Azerbaijan’s economy but it can be seen in future.
Read More