'Works to India’s advantage': Jaishankar on buying oil from Russia

Jaishankar Tuesday said that buying oil from Moscow works to India’s advantage and asserted that he would “like to keep that going”.

Moscow (Russia):External Affairs Minister S Jaishankar Tuesday stated that buying oil from Moscow works to India’s advantage and asserted that he would “like to keep that going” even as he reaffirmed strong ties with Moscow, describing the country as a steady and time-tested partner. Jaishankar made these remarks during a joint press conference along with Russian Foreign Minister Sergey Lavrov in Moscow.

Answering a question about India's increasing oil import amid western outcry, he said, "There is stress on the energy market created by a combination of factors. But as the world's third-largest consumer... a consumer where the level of income is not very high, it is our obligation to ensure that the Indian consumer has the best possible access to the most advantageous terms on the international market." "...in that respect, the India-Russia relationship has worked to my advantage. If it works to my advantage, I would like to keep that going," he added.

The external affairs minister said his presence in Moscow to review bilateral cooperation speaks volumes about India-Russia cooperation. "The fact that I am here today with a delegation to review our cooperation speaks about India-Russia cooperation to see how we can take it forward to create a long-term and sustainable basis, says it all," he said.

He further pointed out, how Russia has been a steady and time-tested partner for India. "...I said any objective evaluation of our relations for many decades would confirm that it has served both our countries very well., If it has served my country for many many decades. I think you can see the obvious interests and commitment I would have in keeping that relationship strong and steady," he added.

The war in Ukraine which started in February has had a significant impact on global food security and has led to a sudden increase in crude prices following western sanctions on Moscow. Earlier, India said its oil imports will be determined by its national interest and its large consumer base.