Miscellaneous

India Increases US Oil Purchases, Not Top Russian Buyer: Jaishankar

External Affairs Minister S. Jaishankar highlighted India’s increasing oil purchases from the US, asserting that India is not the largest buyer of Russian oil—China holds that title. As the US imposed tariffs loomed, India’s oil and gas imports from the US surged by 51%, with Indian Oil Corporation placing significant orders for US crude. Jaishankar emphasized ongoing cooperation with Russia in nuclear energy and trade, noting that despite sanctions, Russian oil exports to India would remain stable, with trade growing nearly sevenfold in recent years. This reflects India’s strategic balancing act in energy sourcing amid geopolitical tensions.

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