Russia Ready To Supply As Much Oil As India Needs
The remarks followed a US decision to impose a 50 per cent tariff on India over its purchase of Russian oil and a Senate bill that has proposed tariffs of up to 100 per cent on the largest buyers of Russian crude and natural gas. He warned that the removal of Russian crude from global markets would be difficult for the world energy system to absorb and that such disruptions could have wide repercussions. He noted that India, China and Turkey could be among those affected by the proposed measures.
The ambassador said Russian oil would remain available to India and other countries and that Moscow was interested in supplying oil while India remained interested in purchasing it. He emphasised that energy trade was driven by demand and long term contracts rather than political pressure, and he framed continued commercial ties as a pragmatic response to market realities. He also pointed to India's demonstrated ability to protect its national interests and to stand its ground amid external pressure.
India has maintained that it will continue to prioritise the energy requirements of its population amid the prevailing conditions in global energy markets and will take decisions accordingly. Observers said the interplay of tariffs, diplomatic exchanges and market responses will shape the short to medium term outlook for energy flows and trade relations. The diplomatic tone and commercial assurances indicate that exchanges between the capitals and market actors are likely to continue as stakeholders assess supply options.