NEW DELHI: India will continue buying cheap Russian oil in the nation’s interest, finance minister Nirmala Sitharaman said, even as pressure mounts to isolate Kremlin.
“We have started buying, we have received quite a number of barrels — I would think three-four days supply and this will continue,” Sitharaman said at a an event on Friday. “India’s overall interest is what is kept in mind.”
State refiners have been doubling down on Russian barrels that are being shunned away by European buyers since the beginning of war in Ukraine.
The country has contracted Russian crude oil for deliveries over the next three to four months, oil minister Hardeep Singh Puri said last week.
