Market, global dynamics core to oil strategy: India on Trump’s Russian oil claim

India on Thursday said its strategy of ensuring the country’s energy security and diversifying sources amid “evolving international dynamics” will be the main factor in deciding energy sourcing, including from Russia, while keeping open the option of oil purchases from Venezuela.

The comments from external affairs ministry spokesperson Randhir Jaiswal came three days after US President Donald Trump, while announcing the finalisation of a trade deal with India, said the Indian side had “agreed to stop buying Russian Oil and to buy much more from the United States and, potentially, Venezuela”.