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16 April 2022

To Buy Or Not To Buy Russian Oil: Uncertainties Ahead For India’s Energy Security – OpEd

N Chandra Mohan

Although India’s foreign policy is increasingly aligned with that of the West, especially the US, it also has strategic relationships with major powers like Russia in a multi-polar world. For such reasons, it has preferred a delicate balancing act in not joining the chorus of Western nations in condemning Russia’s ongoing war in Ukraine while appealing for an immediate cessation of violence.

The West led by the US has announced unprecedented financial sanctions, including bans on imports of Russian oil and gas (US and Japan) and is exerting pressure on India not to increase its reliance on energy imports from that country. India, for its part, has held firm in its resolve to purchase deeply-discounted Russian oil to enhance its energy security.

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