In response to talks on India purchasing Venezuelan oil under a US trade pact, Russia has stated that India is free to buy oil from any country. However, Moscow noted that replacing Russian oil volumes would not be commercially simple. India imports nearly 88% of its crude oil, with Russian supplies emerging as a key source after 2022.
Russia has reacted to discussions on India potentially buying Venezuelan oil under a US trade pact by affirming that India is free to purchase from any country. Moscow emphasized this freedom while cautioning that diversifying away from Russian volumes would not be commercially straightforward.
India meets nearly 88% of its crude oil needs through imports, with Russian oil becoming a key supplier since 2022. This development highlights India's efforts to secure energy supplies amid global shifts, but replacing Russian imports poses practical challenges.
The statement reflects ongoing dynamics in international oil trade, where Russia remains a vital partner for India.