No Pressure From US to Cut Russian Oil Imports, Oil Minister Hardeep Singh Puri Says
Puri said Russian purchases are driven by discounts, while India is expanding refining capacity and Middle East crude imports have risen, officials said.
- On Tuesday, India's Oil Minister Hardeep Singh Puri said the country faces no pressure from the US to reduce Russian crude imports, stating, "I never felt anything."
- Earlier this month, President Donald Trump waived duties on Russian energy exports under the Graham Act, averting potential tariffs of up to 100% on India.
- Russian crude accounted for roughly 44% of India's total oil imports in August, surging from 0.2% before the Ukraine war; Puri noted purchases are "ultimately anchored in their self-interest."
- Refiners are increasing purchases of Gulf oil as it returns to pre-war levels, while India plans long-term Russian liquefied natural gas contracts amid stiff competition from China.
- US Secretary of State Marco Rubio will visit Mumbai and Jamnagar later this week, where he is expected to tour the world's largest single-site oil refinery operated by Reliance Industries.
13 Articles
13 Articles
India faces no US pressure to cut Russian oil imports, says Oil Minister Hardeep Puri
The Union Minister said Russian crude accounted for just 0.2% of India's oil imports before the Ukraine war, but purchases rose sharply after the conflict began due to discounts on Russian oil.
The decrease in purchases of Russian oil by India is due to increased supplies of raw materials from the Middle East and competition for Russian oil from China, rather than pressure from Washington
The decrease in purchases of Russian oil by India is due to increased supplies of raw materials from the Middle East and competition for Russian oil from China, rather than pressure from Washington. This was stated by Indian Oil Minister Hardeep Singh...
No pressure from US to cut Russian oil imports, Indian oil minister says
By Nidhi Verma GOA, India, Oct 27 (Reuters) - India has faced no pressure from the US to reduce its Russian crude imports, oil minister Hardeep Singh Puri said on Tuesday at an industry event. "I never felt anything," Puri said when asked if there ha...
The Economic Times
Times of IndiaNo pressure from US to cut Russian oil imports, Oil minister Hardeep Singh Puri says
Oil Minister Hardeep Singh Puri said India has faced no US pressure to reduce Russian crude imports. US President Donald Trump waived fresh sanctions and duties on Russian energy exports under a new law, sparing India from potential tariffs of up to 100%.
NEW DELHI - India has not seen any pressure from the United States to limit imports of Russian oil, its Petroleum and Natural Gas Minister Hardeep Singh Puri said on Tuesday, Reuters reported.
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