The Kremlin said Wednesday it sees nothing new in India’s plan to diversify oil supplies. Kremlin spokesman Dmitry Peskov said India has always bought oil from multiple countries, including Russia. He stressed that the announcement does not signal any major shift in energy relations.
Indian Trade Minister Piyush Goyal earlier said India will diversify its energy sources. He framed it as a strategy to ensure energy security amid changing global conditions. The plan follows growing international focus on energy supply chains.
Read more: Kremlin denies India halting Russian oil
The announcement comes after U.S. President Donald Trump signed a trade deal with India on Monday. Trump mentioned that India would halt Russian oil purchases, although India has not publicly confirmed this. Analysts note this adds uncertainty to global energy markets.
Peskov emphasized that specialists know Russia is not India’s only oil supplier. He said, “India has always purchased these products from other countries.” He concluded that Moscow sees no new developments in India’s energy strategy.
Read more: India’s Russian crude slowdown seen as temporary, Kremlin says
Observers say India’s diversification approach reflects broader geopolitical shifts. The move could balance energy security, reduce dependence on specific suppliers, and align with evolving trade relationships. Global markets will closely watch India’s next steps.