Kremlin rebuffs Trump’s India oil claim
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Moneycontrol05-02-2026, 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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