Politics9/5/2025Bloomberg

India Will Keep Buying Russian Oil, Finance Minister Says

India Will Keep Buying Russian Oil, Finance Minister Says

India's Finance Minister Nirmala Sitharaman has stated that the country will continue to buy Russian oil, despite pressure from the United States. This decision comes as the US has been urging India to halt its purchases from Russia, which has been subjected to severe economic sanctions following its invasion of Ukraine. Sitharaman's statement suggests that India is unwilling to compromise its energy security and economic interests to align with the US's foreign policy objectives. India, a major oil consumer, has been taking advantage of discounted Russian oil amid the global energy crisis, prioritizing its own needs over the US's demands. This move by India highlights the complex geopolitical dynamics at play, as the country seeks to maintain its strategic autonomy and pursue its own national interests, even if it means defying the wishes of its traditional ally, the United States.

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