India’s Ministry of External Affairs (MEA) responded to recent White House statements asserting that India has agreed to halt direct or indirect oil imports from Russia under the interim US-India trade framework. The MEA clarified that India’s approach focuses on diversifying its energy sources based on market conditions and changing global dynamics. This strategy aims to secure reliable energy supplies for the country’s population of 1.4 billion.
The MEA highlighted that energy security remains a key priority, with decisions driven by objective assessments rather than external pressures. India continues to adapt its energy procurement policies to balance economic and geopolitical factors in a complex international environment.
**Why this matters**
India is one of the world’s largest energy consumers, and its sourcing decisions have significant implications for global energy markets. The country’s emphasis on diversification reflects efforts to maintain stability and affordability in energy supplies amid shifting geopolitical tensions and evolving trade relationships.
Source: NewsData