Indian oil minister denies country is profiteering from Russian imports:
India is not "profiteering" from Russian oil imports and its purchases have stabilised ...
reuters.com/world/india/indian-oil-minister-denies-country-is-profiteering-russian-imports-2025-09-01/
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India Rejects Gains from Russian Oil ImportsSince 2022, India has helped stabilize oil markets and prevented prices from soaring to $200 per barrel amid sanctions.
Key FactsSep 1, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- India’s Petroleum Minister Hardeep Singh Puri denies the country is profiting from importing Russian oil.
- Purchases of Russian crude have helped keep global oil prices from escalating to $200 per barrel.
- All Indian oil transactions comply with legal shipping, insurance, and audited trade channels under G7/EU price caps.
- India has become the largest buyer of Russian seaborne oil following sanctions by Western countries after the 2022 Ukraine invasion.
India has not broken rules. India has stabilised markets and kept global prices from spiralling.— Hardeep Singh Puri, India's Minister of Petroleum and Natural Gas, responded to allegations of profiteering from Russian oil imports.
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India not ‘profiteering’ from Russian imports, says Indian oil minister: India is not “profiteering” from Russian oil imports and its purchases have stabilized ...
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Summary created with AI assistance · Source: hindustantimes.com
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