Russia gives wheat, oil to Pakistan at heavy discount?

Islamabad [Pakistan]: Russian envoy to Pakistan Danila Ganich has denied reports that the previous Imran Khan government wrapped up any type of arrangement with Moscow to acquire wheat and oil at discounted prices.

After getting ousted from power, previous head of state Imran Khan has actually continuously declared that Pakistan Tehreek-e-Insaf (PTI) government was purchasing cheaper oil from Russia and had actually written a letter in this regard.  Nonetheless, according to the Russian agent, only negotiations between the Pakistani and also Russian authorities had been taking place under the Imran Khan-led government. The envoy stated the very same talks were occurring under the Shehbaz Sharif government too.

” I validate that no MoU has actually been joined the trade of wheat and also oil at less costly prices with Pakistan,” ambassador Ganich claimed in reaction to a question concerning Imran Khan’s claims that Russia had offered the PTI-led federal government to acquire its oil at cheaper prices.

The Pakistani media said a trade deal worth USD 790 million was authorized with Pakistan out of which, it was concurred, that USD 212 million would certainly be invested in Russian wheat.

” In 2020, an MoU was signed between the Ministry of Agriculture of Russia and the Ministry of Food Safety of Pakistan hereof,” the Russian ambassador claimed while speaking to a Pakistani channel.

Earlier, reports stated the opportunity of barter trade between Pakistan and Russia was being explored as a result of permissions enforced by the West because the Ukraine dispute.

Last month, Pakistan Foreign Office representative Asim Iftikhar claimed the country has an “open plan” driven by a national passion to broaden economic and trade relationships.

” Our policy is clear, you understand in regards to broadening financial and also trade connections, we have an open policy, driven by nationwide rate of interest. Wherever we see there is a national benefit, we seek those alternatives and also opportunities,” The Express Tribune newspaper priced estimate Iftikhar as claiming.

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