Kremlin spokesman Dmitry Peskov attends Russian President Vladimir Putin's annual televised year-end press conference and phone-in held in Moscow, Russia on December 19, 2024. Reuters File
World
F
Firstpost04-02-2026, 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.

More like this

Loading more articles...