National interest first, buying discounted Russian crude: FM Nirmala Sitharaman

National interest first, buying discounted Russian crude: FM Nirmala Sitharaman

India has been offered discounts as high as $35 per barrel on crude oil prices before the start of the conflict by Russia, according to officials. Sitharaman’s comments come amid a two-day visit by Russian Foreign Minister Sergey Lavrov.

Putting energy security first, buying discounted Russian oil: FM Sitharaman

Sitharaman said that she was entering financial year 2022-23 (FY23) with "cautious optimism" at a time of global commodity price escalation due to the Russia-Ukraine war

India has already started buying Russian oil: Nirmala Sitharaman

‘I will put my country’s interest and energy security first’

India buying Russian oil: I will put my country's national interest, energy security first: FM Sitharaman

Speaking at the 17th CNBCTV18 India Business Leaders Awards, Finance Minister Nirmala Sitharaman said that all the engines of economic growth were running, barring that of domestic corporate investments.

India's Interests Come First, Says Nirmala Sitharaman on Buying Oil from Russia

The finance minister said that it is only natural to buy oil at discounts from Russia and India has already started the process

Sitharaman, Jaishankar defend India buying Russian oil

At an event in Mumbai, Sitharaman said, "We have started buying Russian oil and have bought at least 3 to 4 days of supply. I will put my energy security and my country's interest first. If supply is available at a discount, why shouldn't I buy it? In the meantime, Jaishankar said said that Europe has bought 15 per cent more oil and gas from Russia than it did the month before.