He noted that in the context of global changes, many countries are reassessing their strategies. “Today’s market is complex. Oil companies in India, as well as in other regions, are analyzing the availability of resources, their cost, and risks, making decisions that align with their interests,” added Jaishankar at the Munich Security Conference.
On February 14, U.S. Secretary of State Marco Rubio reported that India had agreed to completely halt oil purchases from Russia. Earlier, U.S. President Donald Trump also mentioned that India had informed the American side of its intention to refuse Russian fuel. In response, the U.S. offered to reduce tariffs on Indian goods from 25% to 18%. However, the Kremlin noted that there had been no official confirmation from India regarding the cessation of imports of Russian oil.
