Russian crude buys shaped by global oil market’s evolving dynamics: MEA

New Delhi: India’s procurement of Russian crude oil is shaped by the shifting dynamics of the global oil market, the Ministry of External Affairs (MEA) said on Thursday.

MEA spokesperson Randheer Jaiswal said, “We are studying the implications of the recent US sanctions on Russian oil companies. Our decisions naturally take into account the evolving dynamics of the global market. Our position on the larger question of energy sourcing is well known.”