India Decides to Purchase Russian Oil Despite High US Tariffs, Confirms FM Nirmala Sitharaman

India’s Finance Minister, Nirmala Sitharaman, has stated that the government will proceed with the purchase of Russian oil, emphasizing the importance of making decisions based on what serves the country’s best interests. In her recent announcement, she mentioned that considerations such as rates and logistics play a vital role in determining the sources of oil imports. Despite facing challenges such as high tariffs imposed by the US, Sitharaman reassures that India will continue to prioritize its strategic decisions. She also highlighted ongoing efforts to provide support to those impacted by the tariffs, aiming to ‘handhold’ them through these challenging times.