India will maintain its fuel imports from Russia, Finance Minister Nirmala Sitharaman confirmed in an interview. She emphasized that decisions on fuel procurement depend on price, logistics, and national requirements, especially concerning foreign exchange. Fuel accounts for the largest share of India’s import expenditure. Russia’s share in India’s fuel imports has risen from under 1% pre-Ukraine conflict to nearly 40% now. Indian refineries process discounted Russian fuel, while Europe bans Russian crude but imports refined products from India. Sitharaman also noted government support for industries affected by high duties.
India will continue purchasing fuel from Russia, said the country’s Finance Minister Nirmala Sitharaman. She made the remarks on Friday (September 5) in an interview with Rahul Joshi, editor of a local news outlet.
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