US reassures OPEC that the Russian oil price cap won't be replicated to also target the cartel, report says
Business InsiderMAR 20 2023
Given the volatility and competition in the global energy market amid the Ukraine war, Pakistan should explore new ways to reduce its energy dependence and diversify its supply sources. Although it makes sense to enter into new energy partnerships — such as with Russia —Islamabad needs to explore its domestic energy potential and also focus on renewables.
Pakistani relations are not only growing with Russia. Closer Pakistan-China ties and US security interests should be another reason for pragmatic re-engagement with the strategically important Asian country. Washington should not only intensify energy cooperation but also provide market access for Pakistani exports and encourage American direct investment. It's a crucial time for Washington to deepen energy and other ties to Islamabad.