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India is buying Russian oil, my country’s energy security a priority: Sitharaman

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New Delhi, Apr 02: Union Finance Minister, Nirmala Sitharaman has confirmed that India is being oil from Russia at a discount. Speaking to CNBC-TV 18, she said that India had decided to buy Russian oil.

India is buying Russian oil, my country’s energy security a priority: Sitharaman

She said that India has bought at least 3 to 4 days of supply. I will put my energy security and my country's interests first. If supply is available at a discount why should I not buy it, she said.

She also said that despite the situation in Ukraine and the drop in gas supplies and crude situation, I am cautiously optimistic. When asked what she would have done had she known the Russia-Ukraine situation before hand, Sitharaman said that she would have utilised the prior knowledge to export wheat and build reserves of sunflower oil.

Nirmala Sitharaman
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Nirmala Sitharaman

The knowledge however would have been most useful in evacuating all Indians, especially students in Ukraine she said.

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