• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Oil Purchases Serve Both National And Global Interests By Stabilising Prices: EAM Jaishankar

OMMCOM NEWS by OMMCOM NEWS
August 23, 2025
in Business

New Delhi: As the US prepares to slap secondary 25 per cent tariffs on India in couple of days, External Affairs Minister (EAM) Dr S. Jaishankar on Saturday defended India’s energy ties with Russia, saying that that oil purchases serve both national and global interests by stabilising prices.

Addressing an event hosted by The Economic Times in the national capital, the EAM underlined that India would continue to take decisions independently on energy.

“It’s funny to have people who work for a pro-business American administration accusing other people of doing business. If you have a problem buying oil or refined products from India, don’t buy it,” EAM Jaishankar told the gathering.

“Nobody forces you to buy it. Europe buys, America buys, so you don’t like it, don’t buy it,” said the EAM.

According to the Union Minister, in 2022, there was deep nervousness on the international level due to oil prices going up.

“That time, it was said that if India wants to buy Russian oil, let them, because that would stabilise prices,” the EAM said, adding that India is “buying oil to stabilise the oil prices. Yes, it is in our national interest but it is also in a global interest”.

Earlier, during a press briefing in Moscow, EAM Jaishankar said that India’s oil purchase from the US has been consistently increasing and India is not the biggest purchaser of Russian oil.

“That is China. We are not the biggest purchasers of LNG; that is the European Union. We are not the country which has the biggest trade surge with Russia after 2022; I think there are some countries to the South,” the EAM had told the media.

He further stated that “We are a country where the Americans have said for the last few years that we should do everything to stabilise the world energy market, including buying oil from Russia”.

“Incidentally, we also buy oil from the US, and that amount has increased,” EAM Jaishankar told the media.

The EAM said it is not only about oil, but India and Russia are “going forward” in looking at nuclear energy, greater market access, fertilisers, and labour mobility – something which he is “really very satisfied with”.

(IANS)

Tags: EAM Dr S. JaishankarOil Purchases
ShareTweetSendSharePinShareSend
Previous Post

India Extends Airspace Closure On Pakistani Aircraft Till Sep 24

Next Post

India Strikes Gold In 10m Air Rifle Mixed Team Event At Asian Shooting Championship

Related Posts

Business

56th GST Council Meet To Decide On 2-Slab Structure In Early Sep

August 23, 2025
Piyush Goyal
Business

Govt Giving Priority To National Interest In FTA Talks: Piyush Goyal

August 22, 2025
MeitY Secretary
Business

SEMICON India 2025 To Be South Asia’s Largest Platform For Semiconductor, Electronics Innovation: MeitY Secretary

August 22, 2025
Income Tax Bill 2025
Business

Govt Notifies Income-Tax Act 2025, Law To Come Into Effect From April 1, 2026

August 22, 2025
Reserve Bank of India
Business

RBI Appoints Indranil Bhattacharyya As Ex-Officio Member Of MPC

August 22, 2025
Stock Market
Business

Stock Market Ends 6-Session Winning Streak Amid Weak Global Cues

August 22, 2025
Next Post

India Strikes Gold In 10m Air Rifle Mixed Team Event At Asian Shooting Championship

We Do Not Accept Mediation In Our Relations With Pak: Jaishankar Refutes Trump’s Claim

CCPA Imposes Rs 3 Lakh Penalty On VLCC For Misleading Fat-Loss Ads

khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.