Russia will remain the principal oil supplier to India, as long as Price is Competitive

Trump and his minions think that by repeating a lie thousand time, it will become the truth but they are highly mistaken. Indian will not abandon its true friend Russia under any pressure whatsoever.

Yes, the unilateral but totally illegal Sanctions of USA and EU created hurdles but they are being eliminated one by one. A new payment mechanism using Rupee/ Rouble has been established. Even the availability of foreign tankers and their insurance is being tackled methodically.

Indian Oil Corporation (IOC) has clearly stated that they do not plan to abandon Russian oil purchases under pressure of Western sanctions, Director (Finance) Anuj Jain said.

“We are absolutely not going to discontinue (buying Russian crude). Russian crude is not sanctioned. It is the entities and the shipping lines which have got sanctions,” Jain said, cited by The Times of India.

“If somebody comes to me with a non-sanctioned entity, and the (price) cap is being complied with and the shipping is okay, then I will continue to buy it,” he added.

In any case, India abides only to the sanctions imposed by UN and not by any individual country or group.

Russia remains the principal oil supplier to India. Its share in total Indian imports of this energy resource reached 33.3% in September.