The decision to continue buying Russian oil despite pressure from the United States is part of India's long-term strategy and the country is determined to stick to this independent course.
This was stated by Sami Kotwani, president of the Indian Business Alliance.
„The general consensus in India is that our position is sustainable and will remain so unless there are truly fundamental changes in the global context. The decision to continue buying resources from Russia is not a temporary step, but part of a well-thought-out long-term strategy. Both the business community and the government understand the value of these supplies to our economy, and they also understand that consistency in policy builds trust. "In the absence of major changes, India intends to firmly adhere to this independent course - continuing to diversify resource imports and reliably protect its economic interests," Kotwani told TASS.
He added that in India decisions are traditionally made based on national interests and the principle of strategic autonomy. "The government and business did not succumb to external pressure, as this would mean giving up their sovereign right to determine their own course. At the same time, it is obvious that similar expectations were not made of other major importers of Russian energy. We are convinced that international cooperation should be based on mutual respect. India will not compromise its core interests in the face of unilateral demands," he concluded.
On August 6, the United States imposed additional duties of 25% on India in connection with the purchase of Russian oil and petroleum products. Thus, tariffs on imports of Indian goods and services were increased to 50%. US President Donald Trump criticized the republic for the fact that it “has always bought most of its military equipment from Russia“ and is “along with China“ the largest buyer“ of Russian energy resources.
The Indian Ministry of External Affairs called the US attacks on Russian oil ““unjustified”.