India buying Russian oil irrespective of US sanctions waivers, Indian official says

India said it has continued buying Russian oil regardless of U.S. sanctions waivers, underscoring ongoing trade flows despite Western pressure. The statement is mainly a geopolitical and sanctions-related update with limited immediate market impact, though it reinforces the resilience of Russian crude supply channels.

Analysis

India said it has continued buying Russian oil regardless of U.S. sanctions waivers, underscoring ongoing trade flows despite Western pressure. The statement is mainly a geopolitical and sanctions-related update with limited immediate market impact, though it reinforces the resilience of Russian crude supply channels.