India and Russia at the Crossroads: Oil Trade Under Scrutiny
Russia has not received any official statement from India about halting oil imports, contradicting claims made by former US President Donald Trump. As global oil trade dynamics shift, both nations aim to strengthen bilateral relations. India remains the world's third-largest oil importer, with significant purchases from Russia.
- Country:
- Russia
In a developing story, Russia has clarified it has received no official word from India regarding the cessation of Russian oil imports. This statement comes in the wake of assertions made by former US President Donald Trump that Prime Minister Narendra Modi agreed to cease purchases from Russia.
Kremlin spokesperson Dmitry Peskov emphasized that no declarations have been made from New Delhi, according to reports from Russian media. He reiterated Russia's commitment to nurturing its relationship with India amidst these claims.
Despite public statements from the US, Deputy Prime Minister Alexander Novak maintains that Russian energy remains in global demand, ensuring a balance in supply and demand. India's substantial oil imports, primarily from various international sources, continue without an official halt, highlighting its position as a top global oil importer.
(With inputs from agencies.)
- READ MORE ON:
- India
- Russia
- oil
- Donald Trump
- Narendra Modi
- energy
- imports
- trade
- tariff
- US
ALSO READ
Global Energy Crisis Spurs Demand for Russian Resources
Global Energy Crisis: A Crisis Greater Than 1973, 1979, and 2022 Combined
Energy Crisis and Conflict: Euro Zone Economy Hit Hard
Turkey Faces Volatile Energy Scenario Amid Iran War Fears
Sri Lanka Secures Energy Lifeline Amidst West Asia Conflict

