Is India Looking To Increase Russian Oil Imports? What Government Said
NDTV
India's oil imports from Russia have been rising since Moscow invaded Ukraine on February 24.
India today said that its energy security requirements would dictate how much oil it imports from Russia. "Our approach to oil purchase will be guided by our energy security requirements," Arindam Bagchi, the Ministry of External Affairs spokesperson, said when asked if India is looking to increase oil imports from Russia.
India's oil imports from Russia have been rising since Moscow invaded Ukraine on February 24. Since then, India has received 34 million barrels of discounted Russian oil, according to Refinitiv Eikon data, more than trebling the value of total imports from Russia, including other products, compared with the same period of 2021.
India's main imports from Russia include fuels, mineral oils, pearls, precious or semi-precious stones, nuclear reactors, boilers, machinery and mechanical appliances, electrical machinery and equipment, and fertilisers.
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