No reason to believe India halted Russian oil imports, says Moscow | World News

Russia's Foreign Ministry on Wednesday firmly dismissed any speculation that India might reduce its imports of Russian oil. The statement came amid swirling rumors in international markets, suggesting a potential shift in India's energy sourcing strategies. Moscow clarified that there is no indication from New Delhi about any plans to cut back on the substantial volumes of oil it currently imports from Russia. Adding to the ministry's comments, Russian officials emphasized the robust nature of the existing trade relations between the two nations. They pointed out that the ongoing energy cooperation is mutually beneficial and strategically important for both countries. Russia continues to be a significant supplier for India's growing energy needs, which aligns with India's broader aim of diversifying its energy sources to secure long-term supply stability. India, one of the world's largest oil consumers, has maintained a pragmatic approach in its energy procurement policies, balancing geopolitical considerations with economic realities. While international dynamics often influence global oil trade, both Russia and India appear committed to sustaining their current level of engagement. This commitment is underscored by regular diplomatic interactions and trade agreements, which continue to reinforce their partnership in the energy sector.

— Authored by Next24 Live