Union Commerce Minister Piyush Goyal stated on Saturday that the Ministry of External Affairs (MEA) will share information regarding India’s procurement of Russian oil. This comment came in response to questions about whether India plans to halt its purchases of Russian oil, following a White House announcement about removing additional tariffs imposed on India for these imports.
Goyal did not specify any changes in India’s policy but indicated that the MEA would address the matter and provide further clarity.
**Why this matters**
The issue of India’s purchase of Russian oil has drawn international attention amid geopolitical tensions and sanctions on Russia. The White House’s decision to eliminate extra tariffs on India signals a shift in U.S. policy, making the Indian government’s stance on this matter significant for global energy markets and diplomatic relations.
Source: NewsData