India Affirms Freedom to Choose Energy Partners Amid Evolving Russia-Ukraine Dynamics

• Russia reaffirmed that India, as a sovereign nation, is free to buy oil from any source that benefits its economic interests.
•  The statement comes shortly after President Putin’s India visit, where he assured India of reliable long-term energy supplies.
• Expectations are rising that a potential Ukraine peace deal could lead to the US lifting its 25% tariff on India’s Russian oil purchases.
•  Kremlin spokesperson Dmitry Peskov said India will continue prioritising affordability and economic stability in its energy choices.
•  India has recently reduced the share of Russian crude in its import basket amid evolving market dynamics.
•  MEA stated that India’s energy sourcing is based on global trends and the need to ensure affordable energy for 1.4 billion people.
•  Private companies will continue making commercial decisions on oil purchases depending on global pricing and availability.
•  Russia’s economic aide Maxim Oreshkin said Moscow is experienced in navigating sanctions and can ensure supplies if India wishes.
•  During Putin’s visit, India and Russia set a roadmap to boost bilateral trade to $100 billion in five years and address trade imbalances.
•  Both nations hope to resume strong oil trade soon, especially as the US pushes for a peace settlement in Ukraine.
•  President Trump said Ukraine’s Zelenskyy has yet to accept the US-proposed peace plan, though negotiations continue.
• China welcomed Putin’s India visit, saying strong India-Russia-China ties support the Global South and global stability.
•  China emphasised that cooperation among the three emerging economies contributes to peace, security, and prosperity.
•  Putin reiterated that India and China are Russia’s closest friends and expressed confidence in both countries resolving their own issues.