Kremlin Downplays India's Oil Diversification Plan, Cites Existing Multi-Source Strategy

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Firstpost•04-02-2026, 17:05
Kremlin Downplays India's Oil Diversification Plan, Cites Existing Multi-Source Strategy
- •The Kremlin stated it sees nothing new in India's plan to diversify oil imports, noting India has always sourced crude from multiple countries.
- •Indian Commerce Minister Piyush Goyal announced India would diversify energy sources for security amid changing global circumstances.
- •Goyal's statement followed US President Donald Trump's announcement of a US-India trade deal, which included a suggestion for India to halt Russian oil purchases.
- •Trump's proposed trade deal involved slashing tariffs on Indian goods in exchange for India buying oil from the US and potentially Venezuela.
- •Kremlin spokesman Dmitry Peskov emphasized that Russia is not India's sole oil supplier and India has historically purchased from various nations.
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