Kremlin Rejects Trump's Claim: India Free to Buy Oil Anywhere, Diversifying Suppliers

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Moneycontrol•05-02-2026, 01:11
Kremlin Rejects Trump's Claim: India Free to Buy Oil Anywhere, Diversifying Suppliers
- •Kremlin spokesman Dmitry Peskov stated India is free to source crude oil from any country and its diversification efforts are not new.
- •Peskov rejected Donald Trump's assertion that PM Narendra Modi agreed to stop buying Russian oil, noting no official communication from India.
- •Russia's Foreign Ministry, through Maria Zakharova, highlighted the mutual benefits of hydrocarbon trade with India and Moscow's readiness for continued cooperation.
- •Energy analyst Igor Yushkov explained that replacing Russian Urals crude with US shale oil would be difficult and costly due to grade differences.
- •Yushkov also noted the US cannot match Russia's export volumes to India, suggesting Trump's comments aimed to portray a US victory.
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