India Plays Down Threat Of Sanctions On Russian Oil Supplies

Says Can Source From Alternate Places

- Press Trust Of India

day played down the threat of the US imposing sanctions on countries buying Russian oil, saying it is confident of meeting its needs from alternative sources.

Oil Minister Hardeep Singh Puri said the world's third-largest oil importer should be able to deal with any problems with Russian imports by seeking supplies from other countries.

India imports more than 85 per cent of its requirement of crude oil, which is turned into fuels like petrol and diesel in refineries.

Traditionally, the Middle East was the main source, but Russia has been the mainstay supplier for nearly three years now. After much of the West shunned Russian crude following Moscow's invasion of Ukraine in February 2022, Russia began offering steep discounts to attract alternative buyers.