RT.com
09 Mar 2026, 16:04 GMT+10
New Delhi has said it does not need permission from Washington to buy crude, as it continues imports from Russia
Top US officials have defended the rationale behind the temporary waiver of sanctions on purchases of Russian oil for India, amid a surge in oil prices caused by the Middle East conflict.
The US has urged New Delhi to buy Russian oil that is already floating at sea and redirect it to Indian refineries to "tamp down" fears of supply shortages amid the raging Iran war, Energy Secretary Chris Wright said in an interview with Fox on Sunday.
US Ambassador to the UN Mike Waltz said on NBC's 'Meet the Press' that the 30-day pause will "allow the millions and millions of barrels of oil that are sitting out on ships to go to Indian refineries."
US Treasury Secretary Scott Bessent announced on Friday that India was granted a 30-day waiver to purchase oil from Russia, saying this will "alleviate pressure caused by Iran's attempt to takeglobal energy hostage." He also claimed that India stopped buying Russian oil on Washington's request.
"The Indians had been very good actors. We had asked them to stop buying sanctioned Russian oil this fall. They did. They were going to substitute it with US oil. But to ease the temporary gap of oil around the world, we have given them permission to accept the Russian oil. We may unsanction other Russian oil," he said.
India has maintained that it does not need permission to purchase Russian oil. Media outlets cited officials on Saturday as saying India would not be relying on "a short-term waiver" for oil imports, nor was it affected by previous US attempts to make it abandon Russian energy.
"India is still importing Russian oil even [through] February 2026, and Russia is still India's largest crude oil supplier," the government's Press Information Bureau wasquotedby NDTV as saying.
Since 2022, India has increased oil purchases from Russia. Before Washington sanctioned two of Russia's largest oil exporters, Rosneft and Lukoil, last October, India's monthly imports of Russian crude hit a record high of 1.88 million barrels per day.
According to Kpler data, India's imports of Russian oil in February 2026 stood at 1.12-1.16 million bpd, making Russia the top supplier despite a 22% drop year-on-year.
The surge in oil prices will not stop the US from waging its war on Iran, President Donald Trump has said, after Brent shot past$100 per barrelon Sunday.
(RT.com)
Get a daily dose of Kolkata Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kolkata Sun.
More InformationI think that this war is terrible, said Maggie Morales, a New Yorker. We know that this is something that only benefits him (President...
WASHINGTON, D.C.: The Trump administration has drafted strict new guidelines for civilian artificial intelligence contracts that would...
NASHVILLE, Tennessee: A reporter for a Spanish-language news outlet in Tennessee was arrested by U.S. Immigration and Customs Enforcement,...
WASHINGTON, D.C.: The new postmaster general of the U.S. Postal Service had warned in an interview that, unless Congress lifts a decades-old...
CLEVELAND, Ohio: The mother of two young girls who buried their bodies after stuffing them in suitcases in Cleveland was charged on...
WASHINGTON, D.C.: A Florida handyman, Andrew Paul Johnson, who U.S. President Donald Trump had pardoned for storming the Capitol on...
HONG KONG: Gulf airlines have begun restoring limited flight operations from the United Arab Emirates, but missile threats and widespread...
NEW YORK CITY, New York: The war involving Iran is not only disrupting global oil markets but is also rippling across international...
MUMBAI, India: Walmart-backed Indian fintech firm PhonePe is targeting a valuation of between US$9 billion and $10.5 billion in its...
ABU DHABI/DUBAI/DOHA/DHAKA: Hundreds of thousands of travelers were left stranded on March 1 as escalating strikes involving the United...
New Delhi has said it does not need permission from Washington to buy crude, as it continues imports from Russia Top US officials...
New Delhi [India], March 9 (ANI): A Delhi Transport Corporation (DTC) bus crushed a youth on a scooter and collided with an e-rickshaw,...
