India Continues Importing Russian Oil Despite US Tariff Threats
India Continues Importing Russian Oil Despite US Tariff Threats

India Continues Importing Russian Oil Despite US Tariff Threats

News summary

India has firmly denied U.S. President Donald Trump's claim that it has stopped purchasing Russian crude oil, with multiple Indian government sources confirming that oil imports from Russia continue based on economic factors such as price, crude grade, and logistics. Indian officials emphasize that their energy sourcing decisions are guided by market dynamics and national interests, prioritizing affordable energy for the country while complying with international regulations. Despite Trump's threats of increased tariffs and penalties aimed at discouraging Indian imports of Russian oil, India maintains its stable and time-tested partnership with Russia and has not issued any directives to reduce purchases. Indian Ministry of External Affairs spokesperson Randhir Jaiswal highlighted that India’s energy policy is independent of external pressures and is focused on sustaining economic growth and consumer welfare. Analysts suggest that Trump's stance may be part of broader trade negotiations between the U.S. and India, as other major Russian oil buyers like China and Turkey have not faced similar penalties. Overall, India continues to purchase Russian oil as part of a strategic adjustment to global market conditions and energy security needs.

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