India should resist the US pressure to stop purchasing oil from Russia and continue buying the commodity from Moscow as it has helped India manage inflation and maintain economic stability in a volatile global environment, economic think tank GTRI said on Thursday.
India Should Continue Russian Oil Imports, Reject US Pressure: GTRI
GTRI urges India to prioritize energy security over geopolitical concerns amid rising Western pressure on Russian crude purchases.
Indian Prime Minister Narendra Modi with Russian President Vladimir Putin
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US President Donald Trump has threatened to impose a 100% tariffs on Russian oil buyers.
"India must reject this pressure and stay firm on its Russia strategy. Buying discounted Russian oil has helped India manage inflation and maintain economic stability in a volatile global environment," the Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said.
Altering that policy will not stop US threats and it will only invite more, he said, adding this isn't an isolated demand, Trump regularly issues tariff threats for various reasons.
"Given this pattern, India sees no value in giving in to US pressure on Russian oil. It won't resolve the larger issue of future unpredictable US demands. Even a trade deal with Washington won't guarantee protection, as Trump could shift the goalposts later," Srivastava said.
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