An oil refinery operates in Mumbai, India. Indian sources say oil purchases from Russia will continue despite potential US penalties, a decision influenced by economic interests and independent foreign policy.
India will keep buying Russian oil, despite US threats. Trump threatened penalties and a 25% tariff, but Indian sources deny any immediate changes. Long-term contracts make stopping imports difficult. Brazil also opposes US demands to stop importing Russian oil.
India's purchase of Russian oil is based on economic considerations. Russian oil is cost-effective, helping India secure reserves. India imported 1.75 million barrels per day from Russia this year, about 35% of its intake. Brazil and India's decisions reflect their independent foreign policies.
Indian Prime Minister Modi urged prioritizing locally made products due to global economic uncertainty. Modi's remarks aim to reduce public discontent over the government's pro-US stance, especially after Trump's tariffs. If the US continues pressure, India may reassess its foreign policy.
5 Comments
ZmeeLove
Long-term contracts are part of international trade. It’s sensible for India to fulfill existing agreements.
Matzomaster
India's reliance on Russian oil undermines global efforts to punish aggressors. We can't just prioritize cheap oil!
Rotfront
India’s energy needs should come first. Good job staying true to economic interests amidst US pressure!
Karamba
India should think long-term. Relying on Russian oil can backfire both economically and diplomatically in the future.
anubis
Unwavering support for cheaper Russian oil is a matter of national interest. Smart move, India!