India has publicly reaffirmed that its international energy procurement strategy is centered on market conditions and safeguarding the interests of its consumers, following recent remarks by U.S. President Donald Trump regarding a halt in Russian oil purchases.
External Affairs Ministry spokesperson Randhir Jaiswal stated on Thursday that India's import policies are guided entirely by national interest, emphasizing that ensuring stable energy prices and secured supplies remain the twin goals of its energy policy. This consistent position underscores a commitment to broad-basing and diversifying energy sourcing as appropriate to meet market demands. The statement did not directly address President Trump's claim that Prime Minister Narendra Modi assured him of an imminent cessation of Russian crude imports.
The issue of Russian oil imports has become a significant point of diplomatic focus, especially after the Trump administration imposed punitive tariffs on Indian goods. While some sources indicate a recent fall in Russian energy purchases, particularly by state-run refiners, a complete and immediate halt has been ruled out by individuals familiar with the matter. Historically, Russia had become a cornerstone supplier, furnishing a substantial portion of India's crude oil before this recent scrutiny.
Simultaneously, New Delhi highlighted ongoing discussions to deepen energy cooperation with the United States, noting that India has sought to expand procurement from the U.S. for many years, with steady progress over the last decade. This strategic pivot toward diversification, while navigating external diplomatic pressures, illustrates the complex balancing act required to maintain energy security and economic trajectory in a volatile global commodity market.