Studying implications of US sanctions, says India amid decline in Russian oil buy

NEW DELHI: India said on Thursday that its crude oil procurements are guided by the objective of securing “affordable energy from diverse sources” to ensure energy security, amid indications that refiners are gradually reducing the uptake of Russian energy and eyeing greater imports of oil and gas from the US.

With President Donald Trump focused on efforts to end the conflict between Russia and Ukraine, India has faced renewed pressure from the US and its European allies to cut down on Russian oil purchases, especially after American sanctions hit Russian energy majors Rosneft and Lukoil, which were among the leading suppliers to Indian refiners.