Russia says energy ties based on national interest of India

Russian crude oil remains the most cost effective option on the global market and Russia’s energy ties with India are in tune with New Delhi’s national interests, Russian ambassador Denis Alipov said on Thursday.
Alipov’s remarks came hours after US President Donald Trump claimed that Prime Minister Narendra Modi assured him that New Delhi will stop procuring Russian crude oil.
“Russian energy remains the most cost-effective option on the global market, and Russia has consistently honoured its commitments while showing flexibility in developing alternative logistics and payment systems in the face of attempts to disrupt this cooperation,” he said.
In his address at an event, Alipov also said that Russian crude oil accounts for around one-third of India’s total hydrocarbon imports.
The Russian ambassador also described Russia as India’s “most reliable energy partner” and said there is scope for enhancing the overall ties, including in areas of defence, trade, connectivity and technology.
Alipov said the India-Russia strategic partnership is a “stabilising force” in global affairs and a powerful driver of economic growth”.
“This kind of relationship is in increasing demand worldwide as we collectively navigate an era of unprecedented geopolitical turbulence,” he said.
Later, Alipov, while responding to a question on Trump’s remarks and if India will continue to procure Russian crude oil, said: “this is a question for the Indian government (to answer).” The Indian government is dealing with the matter having in mind the national interests of this country in the first place, he said.
“Our cooperation in the energy sector is very much in tune of those interests,” he said.