New Delhi: The ministry of external affairs Saturday clarified its position on the purchase of Russian Oil. This followed the US revoking the 25 per cent additional tariff invoked on India for purchase of Russian Oil after concluding the announcement of a framework on a bilateral trade agreement.
In its statement the White House had said India has “committed to stop directly or indirectly importing” oil from Russia, as per the framework of the bilateral trage agreement between the two countries.
The MEA specified that diversifying energy sourcing in line with objective market conditions and evolving international dynamics remains central to India’s strategy to ensure energy security for its population of 1.4 billion.
The MEA spokesperson reiterated that safeguarding the country’s energy needs is a top priority. “Insofar as India’s energy sourcing is concerned, govt has stated publicly on several occasions that ensuring energy security of 1.4 billion Indians is the supreme priority,” the spokesperson said.
The MEA underlined all decisions taken by India in the energy sector are driven by this overarching objective.
“Diversifying our energy sourcing in keeping with objective market conditions and evolving international dynamics is at the core of our strategy to ensure this,” the spokesperson said. “All of India’s actions are taken and will be taken with this in mind,” he said.
