Indian companies will buy oil from wherever it gets best deal: Indian envoy to Russia
PTC News Desk: India will continue purchasing oil from sources offering the "best deal" despite mounting US tariffs on Indian goods, New Delhi’s envoy to Moscow said.
"The US decision is unfair, unreasonable and unjustified," Kumar said, calling the tariff hike a penalty that undermines the principles of fair trade.
"Our objective is energy security of 1.4 billion people of India and India’s cooperation with Russia as well as several other countries has helped to bring about stability in the global oil market," he told TASS.
Indian ambassador's remarks comes after US President Donald Trump's decision to double tariffs on Indian imports in response to New Delhi’s continued energy trade with Russia.
"Government will continue taking measures which will protect the national interest of the country," Kumar said.
"And the trade takes place on commercial basis. So if the basis of commercial transaction trade imports are right, Indian companies will continue buying from wherever they get the best deal. So that’s what the current situation is," he added.
- PTC NEWS
