economy
April 9, 2026
India to purchase Russian oil regardless of duration of US sanctions suspension
India needs to ensure energy security for the benefit of its people, the source said
TL;DR
- India will continue to purchase Russian oil regardless of US sanctions.
- A 30-day exemption period for Russian oil from US sanctions expires on April 11.
- India's decision is driven by the need to ensure energy security for its people.
- Purchases are made based on the global situation and market conditions.
- The US Treasury had previously lifted sanctions on oil loaded before March 12, with authorization until April 11.
- Moscow has not ruled out the possibility of Washington extending the suspension of sanctions to stabilize the energy market.
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