Brief by Shorts91 Newsdesk / 02:02pm on 03 Aug 2025,Sunday India Global
India has officially denied issuing any directive to its oil refiners to stop purchasing Russian crude, amid mounting international scrutiny and tariff threats from the U.S. Although some state-run companies have paused spot purchases due to shrinking discounts, the government emphasized that these are commercial decisions based on price dynamics—not political orders. Russian oil still accounts for about 35% of India’s total crude imports. Despite pressure from U.S. President Trump, Indian officials reaffirmed their commitment to energy security and strategic autonomy in sourcing decisions, maintaining that purchases remain guided by global economics and contracts. (PC: Bloomberg)
