New Delhi Prioritizes Energy Security for 1.4 Billion People Amid US Criticism Over Russian Crude Purchases
India’s envoy to Russia, Vinay Kumar, emphasized that Indian companies will continue buying oil from sources offering the best commercial deals, reaffirming the country’s commitment to ensuring energy security for its population of 1.4 billion. This statement comes in the backdrop of increasing US criticism of India’s purchase of discounted Russian crude oil, which India firmly rejects.
India’s Energy Security is the Top Priority
- Vinay Kumar, in an interview with Russia’s state-run TASS news agency, stated that New Delhi’s main focus is securing energy for its massive population.
- Indian companies will keep procuring oil based on the best available commercial deals.
- Trade with Russia, as well as other countries, helps stabilize the global oil market.
Response to US Criticism on Russian Oil Purchases
- The United States has accused India of indirectly funding Russia’s war in Ukraine through its crude oil purchases.
- India strongly rejects this allegation and calls the US tariffs on Indian goods—including additional duties on Russian crude—“unfair, unreasonable, and unjustified.”
- Mr. Kumar said the Indian government will continue protecting its national interests in energy procurement.
Market Dynamics and Mutual Interests Drive India-Russia Trade
- Trade between India and Russia is based on mutual benefits and market factors, focused on energy security.
- Kumar highlighted that other countries, including the US and Europe, also trade with Russia.
- External Affairs Minister S. Jaishankar dismissed US criticism as “curious,” noting that America and Europe continue to buy Russian oil and refined products.
Key Takeaways:
- India’s energy procurement strategy is driven by national interest and market dynamics.
- The government remains committed to energy security for its 1.4 billion citizens.
- India views the US trade restrictions as unjustified and will continue to protect its economic interests.
- Oil trade with Russia is a commercial decision, similar to that of other global players.
India’s stance underlines its pragmatic approach to energy needs amid complex global geopolitical pressures, affirming that it will continue sourcing oil from wherever it gets the best deals to ensure a stable and secure energy future.
Also Read : “India Must Take It Seriously”: Nikki Haley’s Warning on Russian Oil Imports
