New Delhi |
India, one of the world’s largest oil buyers, has told Russian suppliers that their oil shipments must follow international sanctions rules. This decision comes as Indian refiners face rising transport costs and new U.S. trade restrictions on Russian oil.
Why India is Taking This Step
Since 2022, when Western countries imposed sanctions on Russia for its invasion of Ukraine, India has been buying Russian oil at discounted prices. But now, stricter U.S. sanctions are making it harder to bring in these shipments, forcing India to be more careful.
What India is Asking From Russian Suppliers
Indian oil companies have made it clear that they will not accept oil shipments that involve banned ships or companies. They have told Russian suppliers that all deliveries must follow global trade rules, and that it is the sellers’ responsibility to ensure smooth and legal transportation.
Looking at Other Energy Deals
Apart from buying crude oil, India is also talking to Russian companies like Novatek and Sber Bank about future energy projects and investments. This shows that India still values strong energy ties with Russia, even as trade conditions become more complicated.
What Happens Next?
With global oil trade facing more challenges, India is trying to balance its need for cheap energy with international trade rules. While it remains a key buyer of Russian oil, this new approach shows that India wants to avoid risks and keep its trade secure.
