Politics · Malaysia Bureau
India vows to pursue oil imports as US tightens Russia sanctions
New Delhi said it would continue purchasing crude from diverse suppliers despite punitive US tariffs targeting major buyers of Russian energy. India's foreign ministry signalled the country would not be deterred from maintaining its energy security strategy.
LSN Malaysia ·
India has pledged to take "all measures" to protect its energy interests following US congressional passage of legislation imposing tariffs of up to 100% on major purchasers of Russian oil and gas.
The foreign ministry stated New Delhi would persist in sourcing crude oil from a range of suppliers as it navigates the new trade barriers. The statement underscores India's determination to maintain energy supply diversity as a cornerstone of its economic policy.
The US sanctions bill represents a significant escalation in efforts to isolate Russia's energy sector globally. However, India has historically balanced its geopolitical relationships while prioritising domestic energy needs, particularly given the country's substantial crude oil import requirements.
New Delhi's position reflects the strategic challenge many major economies face in reconciling relations with Western nations against economic necessities. Officials indicated the country would explore all available options to ensure stable energy supplies without compromising bilateral relationships.
The development adds another layer of complexity to India's energy procurement strategy as it seeks to balance cost-effectiveness with international political considerations.