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Reading: India Stresses Vitality Imports Pushed by Home Wants
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StockWaves > Financial News > India Stresses Vitality Imports Pushed by Home Wants
Financial News

India Stresses Vitality Imports Pushed by Home Wants

StockWaves By StockWaves Last updated: October 16, 2025 4 Min Read
India Stresses Vitality Imports Pushed by Home Wants
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October 16, 2025October 16, 2025





India has firmly pushed again in opposition to US President Donald Trump’s declare that it promised to cease shopping for Russian oil. The nation said its power import selections are guided by home shopper pursuits, not international strain.

Responding to Trump’s remarks, the Ministry of Exterior Affairs (MEA) stated guaranteeing secure costs and safe provides stays central to India’s power coverage. This includes diversifying sources to fulfill market wants.

The clarification got here after Trump instructed reporters on fifteenth October that Prime Minister Narendra Modi had assured him India would halt Russian oil purchases. This was a press release the MEA neither confirmed nor denied.

MEA spokesperson Randhir Jaiswal famous that India and the US have been steadily increasing power cooperation over the previous decade. Talks have been persevering with beneath the present administration. India has already imported round $8 billion price of power from the US this 12 months. This marks a 60% improve from final 12 months. Complete imports are anticipated to achieve $12–13 billion by the top of 2025.

In the meantime, Russia reaffirmed its position as India’s “most dependable power associate.” Ambassador Denis Alipov recommended India for prioritizing reasonably priced power entry amid world commerce tensions and Western criticism over Russian oil imports.

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