India's Economic Strategy: Navigating Global Oil Politics

India is committed to purchasing oil based on profitability to safeguard its economic interests, despite U.S. tariffs meant to deter Russian imports. Russia promises India a continuous supply as geopolitical tensions rise over its links to the Ukraine conflict.

India remains steadfast in prioritizing its economic interests by purchasing oil wherever it is most profitable, a decision that continues to draw global attention.

Recently, the United States imposed increased tariffs of up to 50% on Indian goods as a consequence of India's oil trade with Russia, which the U.S. claims funds Russia's conflict in Ukraine. However, these measures have not swayed India's trade decisions.

Last week, during a visit to New Delhi, Russian President Vladimir Putin promised uninterrupted fuel supplies to India. Kremlin spokesperson Dmitry Peskov reiterated India's stance as a sovereign nation conducting foreign trade based on its benefit, underscoring its commitment to economic sovereignty.

(With inputs from agencies.)