&imwidth=800&imheight=600&format=webp&quality=medium "Putin India visit: Indian firms source Russian energy based on evolving market dynamics, says MEA")
India on Friday (Dec 05) said that the Indian companies, private or public, make their decision to import oil from any country, including Russia, on the basis of evolving market dynamics and the commercial issues that they face while sourcing their supplies. Emphasising the energy needs of 1.4 billion people, New Delhi underlined that its policy of sourcing energy is based on twin goals of stable prices and secure supplies.
"Ensuring stable energy prices and secure supplies are the twin goals of our sourcing policy, Foreign Secretary Vikram Misri said on the issue of India's import of Russian oil.
“And part of this, therefore, goes into the area of diversifying energy supplies and our partners, traditional as well as new, understand this and appreciate this. They also appreciate that Indian companies will take, and I point to the fact that this is something that covers both private companies as well as public companies, because in both cases, these are publicly listed companies,” he stated, adding that “These companies make decisions based on evolving market dynamics, and the commercial issues that they confront while sourcing their supplies. Within the four corners of this approach, we are continuing our cooperation between the two countries”.
These statements from the Ministry of External Affairs followed a meeting between Prime Minister Narendra Modi and Vladimir Putin at the Hyderabad House in New Delhi. The Russian president is visiting India for the first time since the start of the war between Russia and Ukraine.
Also Read: India-Russia Summit 2025: Here are the key takeaways from the joint statement between two countries
Trending Stories
&im=FitAndFill=(700,400))
‘Italy will not...’: Meloni threatens Spain’s Schengen access after thousands enter Ceuta from Morocco
)
The Royals enter the Doctor Who universe: King Charles and Queen Camilla beam into Commonwealth Games in TARDIS
)
Delhi Consumer Court fines Indian Railways Rs 25,000 for making RAC passengers share one blanket
)
Lift accident? Maintenance, builders & makers are ALL liable now, rules Supreme Court: 3 major regulations | WION Decodes
)
60,000 migrants from Morocco flood Spain's Ceuta, EU calls influx unacceptable, Trump warns US
)
Spider-Man producer Amy Pascal reveals why she warned Tom Holland and Zendaya against dating
)
Russia-Ukraine War: Zelensky fears 500,000 new Russian troops
)
'I was almost trafficked in Paris,' says Australian woman, shares terrifying ordeal - 'I am on the black market'
)
Trump to charge foreign students $100,000 for a shot at a US job? Here's why Indian students should be worried
)
More than 100 Israeli soldiers walk out of base, chant slogans in an 'act of rebellion' | Watch
)
Monsoon set to strengthen in August as India's rainfall deficit narrows to 14%: IMD
)
India avoids higher US tariff, secures lower 10% rate. Here's how
)
Russia-Ukraine war: Putin mobilises more troops for Ukraine's war decisive invasion
)
'We have special forces': Netanyahu warns against any ICC arrest attempt abroad
)
Alert for torrential rains across Jammu division; flash flood risk over next five days
)
CJP founder Abhijeet Dipke returns to Maharashtra, receives grand welcome in hometown
)
ICC announces 12 host venues for 2027 ODI World Cup
)
3.6mn people track 24hr Qantas flight from Melbourne to Toulouse: Pilot shifts, fuel tank and other details
)
British Airways flight comes close to 'nosediving' over London
)
NEET Protests riddled with misinformation? Delhi Police blocks 480 Pakistan-based handles spreading 'fake news' since Operation Sindoor
)
Hosts India sweep Malaysia for double gold in men’s and women’s Commonwealth Table Tennis finals
)
Pakistan avalanche: Four bodies found as search for Nirmal Purja and 9 other climbers enters critical phase
)
49,000 illegal migrants enter Spain from Morocco; 34 dead – What is happening in Ceuta?
)
Trump says Iranian school bombing photos could be AI-generated - 'I don’t think...'
)
Kiara Advani reveals why she chose Toxic, says character offered her 'all the meat an actor longs for'
)
Shehzad Poonawalla, BJP's national spokesperson quits politics? Here's what sparked social media buzz
)
23ft python swallows man returning from party in Indonesia; family find body whole inside reptile
)
"Am I Worthy?" Ranbir Kapoor addresses backlash over playing Lord Ram in Ramayana: Part 1
)
Commonwealth Games 2026 Day 9: India's full schedule, medal events and match timings
)
Karan Johar's The Traitors season 2 contestants: Rhea Chakraborty, Mallika Sherawat and Munawar Faruqui in the first batch
)
Have 7,000 Karnataka students tested positive for HIV? Here's the truth
)
Indian forces used pellet guns on Jul 20? SC hearing, police diary entry, MLC report and injured protesters' claims
)
'Living Nostradamus' warns of a new war, claims two of his 2026 predictions have come true
)
Student denied admission to IIT Kanpur's cybersecurity program hacks websites to prove a point
&im=FitAndFill=(700,400))
New Friday OTT releases (July 31, 2026): The Vacation Principle, Rao Bahadur, Chum- Watch 6 new movies and TV shows on Netflix, Prime Video and more
)
This Ramayana actor took ZERO fee from Rs 4000 crore film. Guess who?
)
Nearly Rs 29 crore cash, 15 kg gold found at ex-bus driver's house in West Bengal
India is facing significant pressure from the United States over its import of Russian energy. Accusing New Delhi of fueling Russia's war with Ukraine by purchasing oil from Moscow, President Trump has levied an additional 25 per cent tariff along with the 25 per cent baseline tariff on Indian exports to the US, taking the tariffs to a staggering 50 per cent.
Reaffirming New Delhi's stand on the Russia-Ukraine war, Prime Minister Narendra Modi told President Putin on Friday that India stands for peace and emphasised the need for the world to return to peaceful co-existence.
