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India to continue oil purchases from Russia – finance minister – Reuters

India’s Finance Minister Nirmala Sitharaman attends a joint news conference with U.S. Treasury Secretary Steven Mnuchin in New Delhi, India, November 1, 2019. REUTERS/Adnan Abidi

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NEW DELHI, April 1 (Reuters) – India’s finance minister on Friday said New Delhi would continue to purchase crude from Russia as its people required oil at a discount after the surge in global prices.

India has already started buying oil from Russia, Nirmala Sitharaman said, adding that the transition to gas was challenging as supplies had reduced.

Russia’s foreign minister Sergei Lavrov is on a visit to New Delhi to get support from the country after U.S. and British officials pressed India to avoid undermining the dollar-based financial system and sanctions imposed on Russia for its invasion of Ukraine on Feb. 24. read more

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Reporting by Aftab Ahmed and Manoj Kumar;
Editing by Andrew Cawthorne

Our Standards: The Thomson Reuters Trust Principles.

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