India Will Continue to Buy Oil From Russia, Sitharaman Says

  • Finance Minister Sitharaman says national interest is priority
  • Russia offered steep discounts on pre-war crude price to India
Russia Offers $35 Discount on Oil to India
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India will continue buying cheap Russian oil in the nation’s interest, Finance Minister Nirmala Sitharaman said, even as pressure mounts to isolate Kremlin.

“We have started buying, we have received quite a number of barrels -- I would think three-four days supply and this will continue,” Sitharaman said at a CNBC-TV18 event on Friday. “India’s overall interest is what is kept in mind.”