No pause on Russian imports by Indian oil firms which base decisions on ‘price, grade of crude, logistics and economic factors’
Indian oil refineries will continue to buy oil from Russia, officials have said, before threatened US sanctions next week against Moscow’s trading partners over the war in Ukraine.
Media reports on Friday had suggested India, a big energy importer, would stop buying cheap Russian oil. Trump told reporters on Friday that such a move would be “a good step” if true.
“I understand that India is no longer going to be buying oil from Russia,” he said. “That’s what I heard. I don’t know if that’s right or not. That is a good step. We will see what happens.”
However, official sources in India, quoted by the news agency ANI, rebutted Trump’s claim, saying Indian oil companies had not paused Russian imports and that supply decisions were based on “price, grade of crude, inventories, logistics and other economic factors”.
