IslamabadAccording to a media report on Sunday, Pakistan is in talks with Russia on the possibility of importing oil on deferred payment. Prime Minister Shahbaz Sharif held three meetings with Russian President Vladimir Putin on the sidelines of the Shanghai Cooperation Organization (SCO) summit in Uzbekistan’s Samarkand city, the Express Tribune newspaper quoted a top government official as saying.
“One was formal and the rest were informal,” said the official, who was part of the Prime Minister’s delegation.
“What we have discussed during recent talks with the Russian side is the possibility of importing oil on deferred payments,” the official said, adding that Moscow has shown an inclination to consider the proposal.
If the proposal is implemented, it will be a historic development, as Pakistan imports oil from Gulf countries and in the past Saudi Arabia and UAE supplied oil to Pakistan on deferred payments. However, it is not clear whether the government may pursue the option given the potential opposition from the United States.
The report said a Foreign Office source disclosed that the US has never explicitly asked Pakistan not to import oil from Russia, but “advised us that if we are dealing with Russia like this”. It’s better not to enter the enterprise”.