TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Snakes Were Friends, People Were Fear: Russian Woman’s 8 Years in Karnataka Forests

    Feared Humans, Not Snakes: How a Russian Woman Lived 8 Years in Karnataka Forests with Her Kids?

    Bihar Mukhya Shuts Down Tushar Gandhi in Public

    ‘Gandhi’s Name Isn’t Your Inheritance’: Bihar Village Head Rebukes Tushar Gandhi on Stage

    India Must Stay Vigilant as Turkey-Pakistan Axis Grows

    Pakistan and Turkey Deepen Anti-India Axis Through Defence, Radicalization Nexus

    NIA-Wanted Khalistani Terrorist Pavittar Singh Batala nabbed in US

    NIA-Wanted Khalistani Terrorist Pavittar Singh Batala, 7 Others Nabbed by FBI in US

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    WiseProfitWay.com reviews – Trading Times

    WiseProfitWay.com reviews – Trading Times

    TheGenInfinity.com reviews – Account Types

    TheGenInfinity.com reviews – Account Types

    TheExcellFuture.com reviews — Account Types

    TheExcellFuture.com reviews — Account Types

    UniSmartMove.com reviews – Registration

    UniSmartMove.com reviews – Registration

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    India Must Stay Vigilant as Turkey-Pakistan Axis Grows

    Pakistan and Turkey Deepen Anti-India Axis Through Defence, Radicalization Nexus

    14+ Nations Want BrahMos After Watching India’s Might in Operation Sindoor, Says Rajnath Singh

    BrahMos Missile Shines in Op Sindoor ;15 Countries Eye Deal, Reveals Rajnath Singh

    Representative Image

    EXCLUSIVE: After Operation Sindoor, India Arms Its Forces for New Battlefront: War for Narrative Dominance

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Representative Image

    EXCLUSIVE: After Operation Sindoor, India Arms Its Forces for New Battlefront: War for Narrative Dominance

    Kapil Sharma’s Café Targeted by Suspected Khalistani Terrorists

    Kapil Sharma’s Café Targeted by Khalistani Terrorists: Canada’s Dangerous Embrace of Radical Elements Exposed

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    Taliban Blocks 45-Year-Old Man from Taking 6-Year-Old Wife

    Taliban Blocks 45-Year-Old Man from Taking 6-Year-Old Wife, Asks Him to Wait Till She’s 9

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Echoes of the Cholas in Today’s Bharat

    Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

    The Pride of Maratha Power Gets UNESCO Tag

    From Raigad to Suvarnadurg: The Pride of Maratha Power Gets UNESCO Tag

    Tirumala Tirupati Devasthanams Suspends Senior Official for Attending Church Services

    Tirumala Tirupati Devasthanams Suspends Senior Official for Attending Church Services

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    resh Nipah Death in Kerala’s Palakkad Raises Statewide Alarm

    Nipah Scare Returns to Kerala: Second Death Leads to High Alert in Six Districts

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    5 Places in India to Deepen Your Yoga Journey

    Discover Inner Peace: 5 Places in India to Deepen Your Yoga Journey

    Khalistani Terrorist Pannun Threatens Kapil Sharma

    Khalistani Terrorist Pannun Threatens Kapil Sharma: ‘Why Are You Investing In Canada?’

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Snakes Were Friends, People Were Fear: Russian Woman’s 8 Years in Karnataka Forests

    Feared Humans, Not Snakes: How a Russian Woman Lived 8 Years in Karnataka Forests with Her Kids?

    Bihar Mukhya Shuts Down Tushar Gandhi in Public

    ‘Gandhi’s Name Isn’t Your Inheritance’: Bihar Village Head Rebukes Tushar Gandhi on Stage

    India Must Stay Vigilant as Turkey-Pakistan Axis Grows

    Pakistan and Turkey Deepen Anti-India Axis Through Defence, Radicalization Nexus

    NIA-Wanted Khalistani Terrorist Pavittar Singh Batala nabbed in US

    NIA-Wanted Khalistani Terrorist Pavittar Singh Batala, 7 Others Nabbed by FBI in US

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    WiseProfitWay.com reviews – Trading Times

    WiseProfitWay.com reviews – Trading Times

    TheGenInfinity.com reviews – Account Types

    TheGenInfinity.com reviews – Account Types

    TheExcellFuture.com reviews — Account Types

    TheExcellFuture.com reviews — Account Types

    UniSmartMove.com reviews – Registration

    UniSmartMove.com reviews – Registration

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    India Must Stay Vigilant as Turkey-Pakistan Axis Grows

    Pakistan and Turkey Deepen Anti-India Axis Through Defence, Radicalization Nexus

    14+ Nations Want BrahMos After Watching India’s Might in Operation Sindoor, Says Rajnath Singh

    BrahMos Missile Shines in Op Sindoor ;15 Countries Eye Deal, Reveals Rajnath Singh

    Representative Image

    EXCLUSIVE: After Operation Sindoor, India Arms Its Forces for New Battlefront: War for Narrative Dominance

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Representative Image

    EXCLUSIVE: After Operation Sindoor, India Arms Its Forces for New Battlefront: War for Narrative Dominance

    Kapil Sharma’s Café Targeted by Suspected Khalistani Terrorists

    Kapil Sharma’s Café Targeted by Khalistani Terrorists: Canada’s Dangerous Embrace of Radical Elements Exposed

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

    Taliban Blocks 45-Year-Old Man from Taking 6-Year-Old Wife

    Taliban Blocks 45-Year-Old Man from Taking 6-Year-Old Wife, Asks Him to Wait Till She’s 9

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Echoes of the Cholas in Today’s Bharat

    Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

    The Pride of Maratha Power Gets UNESCO Tag

    From Raigad to Suvarnadurg: The Pride of Maratha Power Gets UNESCO Tag

    Tirumala Tirupati Devasthanams Suspends Senior Official for Attending Church Services

    Tirumala Tirupati Devasthanams Suspends Senior Official for Attending Church Services

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    resh Nipah Death in Kerala’s Palakkad Raises Statewide Alarm

    Nipah Scare Returns to Kerala: Second Death Leads to High Alert in Six Districts

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    5 Places in India to Deepen Your Yoga Journey

    Discover Inner Peace: 5 Places in India to Deepen Your Yoga Journey

    Khalistani Terrorist Pannun Threatens Kapil Sharma

    Khalistani Terrorist Pannun Threatens Kapil Sharma: ‘Why Are You Investing In Canada?’

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

Russia is a great friend but not at the cost of India’s self-interest

Muskan Goel by Muskan Goel
12 January 2024
in Business
Crude oil, India, Russia, diplomacy, economic
Share on FacebookShare on X

In the ever-evolving landscape of global geopolitics, India finds itself delicately balancing its long-standing friendship with Russia against the backdrop of economic pragmatism and changing market dynamics. Recent reports of a significant reduction in crude oil imports from Russia have sparked discussions about the intricacies involved in India’s diplomatic dance, emphasizing that alliances should not come at the expense of national self-interest.

Since December, there has been a notable diversion of more than a dozen Russian tankers from India, coinciding with Indian refiners slashing Russian crude imports. The decision, according to at least four individuals familiar with the matter, stems from Moscow’s sharp reduction in discounts, plunging from around $10 per barrel to a mere $2 in recent months. The key factor driving this shift, they assert, is not political but purely economic: the price of crude.

RelatedPosts

Nuh’s Braj Mandal Jalabhishek Yatra and the Uneasy Truth About India’s ‘Secularism’

NIA Arrests Key ISIS Operative in Pune Module; 11th Suspect Nabbed in Ongoing Anti-Terror Operation

Modi Govt Targets Strategic Dams Near Pakistan, Seeks ₹3,119 Crore to Speed Kwar Project

Load More

Indian oil companies have been quick to clarify that this decrease in imports is rooted in market dynamics rather than political pressure. They underscore the fundamental principle that commercial decisions are driven by economic considerations. It’s a rational response to fluctuating prices and discounts rather than a reflection of strained diplomatic relations between India and Russia.

The narrative gains credence when we consider that Indian refiners began increasing purchases of Russian crude only when Moscow offered substantial discounts. Consequently, Russian oil’s share of India’s total requirements surged from a meager 0.2% in early 2022 to nearly one-third. This shift was motivated primarily by economic incentives rather than any external pressures or geopolitical factors, according to a second official.

Also Read: Modi Government’s major boost to the indigenous crude oil sector

Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, dispelled rumors of payment-related issues, asserting that the reduction in crude oil imports from Russia is purely a function of pricing. In a diplomatic tone, Minister Puri clarified, “There is only one requirement that Indian consumers get the energy at the most economical price without disruption.” He added, “If they don’t give a discount, why would we buy it?”

India, being one of the largest importers of crude oil globally, has opted for a diversified approach to secure its energy needs. While Russia remains a significant supplier, the pragmatic shift in imports reflects India’s commitment to securing the best economic deals. Minister Puri emphasized that the country will continue purchasing crude oil from vendors offering the most competitive rates.

The minister’s words shed light on India’s strategic imperative to ensure energy security while simultaneously navigating the complexities of international relations. As he stated, “We are buying 1.5 million barrels per day of oil from Russia. If they don’t give a discount, why would we buy it?” This underscores India’s commitment to striking a balance between its friendship with Russia and its responsibility to ensure economic viability for its citizens.

The backdrop to this economic pragmatism is the global geopolitical shift resulting from sanctions imposed on Russia during the Ukraine war. Russia, in response, began offering its oil at heavy discounts, making it an attractive option for countries like India. However, as economic considerations take precedence, India is reevaluating its dependence on Russian oil, signaling a willingness to explore diverse sources to meet its energy needs.

In essence, India’s approach can be viewed as a nuanced form of energy diplomacy, where economic interests and diplomatic ties intertwine. The country is navigating the complex global energy market with the precision of a tightrope walker, ensuring that its diplomatic relationships remain intact while simultaneously safeguarding the economic interests of its citizens.

As we wrap up the year and gear up for 2024, India’s diplomatic stance on crude oil imports reflects a dynamic and adaptive approach to international relations. The nation is sending a clear message that alliances are essential, but they cannot come at the expense of economic prudence and the well-being of its citizens. The evolving energy landscape will likely see India continuing to diversify its oil import options, maintaining a delicate balance between friendship and self-interest on the global stage.

Also Watch:

Tags: #EnergyDiplomacyCrude OilIndiaIndia Russia Bilateral RelationsRussia
ShareTweetSend
Previous Post

Eye-opening facts about Mumbai’s Atal Setu, a modern marvel

Next Post

Highlighting E-commerce Challenges: Addressing User Education, Ethical AI, and Personalized Experiences

Related Posts

Namibia Bets on Indian Tech: How UPI Will Revolutionise Its Economy and Boost India's Global Digital Clout
Analysis

Namibia Bets on Indian Tech: How UPI Will Revolutionise Its Economy and Boost India’s Global Digital Clout

10 July 2025

Namibia is poised to enter the next phase of its digital revolution by partnering with India to launch a...

Simple Legal Steps to Protect Your Brand in India
Business

Simple Legal Steps to Protect Your Brand in India

8 July 2025

Introduction A brand is not just a visual symbol - it refers to the belief in a business, credibility...

Indian-Origin Tesla CFO Vaibhav Taneja Appointed Treasurer of Elon Musk’s 'America Party'
Business

Indian-Origin Tesla CFO Vaibhav Taneja Selected Treasurer of Elon Musk’s ‘America Party’

7 July 2025

In a notable recognition of Indian talent on the global stage, Vaibhav Taneja, Tesla’s Indian-origin Chief Financial Officer, has...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

00:07:47

How UPI went global? Why Namibia Adopted It?

00:07:20

Stalin’s DMK Faces Heat Over Brutal Custodial Killings in Tamil Nadu

00:08:06

Hindu girl r@ped, burned with cigarettes and forced to convert to Islam

00:03:31

Delhi’s Trump Card: Kejriwal Wants a Nobel for Surviving Politics

00:05:03
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap
MASHABLE IS A GLOBAL, MULTI-PLATFORM MEDIA AND ENTERTAINMENT COMPANY. FOR MORE QUERIES AND NEWS, CONTACT US AT info@mashablepartners.com


©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited