Energy

India Makes a Caveated Pledge to Continue Buying Russian Oil

An oil refinery in Mumbai.Photographer: Abeer Khan/Bloomberg

India pledged — with a caveat — to keep buying Russian oil, a step that would preserve a vital market for Moscow’s barrels.

Purchases will continue “depending on the financial benefit,” Vinay Kumar, India’s ambassador in Moscow, said in an interview with Russia’s Izvestia newspaper. “India buys what is best for itself,” he added.