India crude buy helps global market stability: Russia

NEW DELHI: The Russian foreign ministry reiterated on Wednesday that Moscow had no reason to believe India is doing a rethink on its oil purchase from Russia, while also asserting that it’s ready to carry forward close cooperation with India in the energy sector.

“We are convinced that India’s purchase of Russian hydrocarbons is mutually beneficial & contributes to maintaining stability in the global energy market,” the ministry said in a post on X, adding Russia stands ready to continue close cooperation in this area with its Indian partners.


Russia had on Tuesday said it had not received any communication from India about Russian oil purchase being stopped.

His comments came a day after US President Trump said PM Modi has “agreed to stop buying Russian Oil, and to buy much more from the US and, potentially, Venezuela.”

In a post on Truth Social, Trump, who spoke with Prime Minister Modi on Monday, announced that India and the US had agreed to a trade deal under which Washington would charge a reduced reciprocal tariff on Delhi, lowering it from 50% to 18%.

Select The Times of India as your preferred source on Google Search