India’s energy dilemma: is cheap Russian oil worth tensions with West? – The National

  • Date: 21-Mar-2022
  • Source: The National
  • Sector:Oil & Gas
  • Country:Gulf
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India’s energy dilemma: is cheap Russian oil worth tensions with West? – The National

India, Asia’s third-largest economy, faces a dilemma.

It hopes to increase imports of Russian oil, currently an abundant source in a tight market, but the move could upset its trading partners in the West.

Reducing the economic impact of higher crude prices is important to India, but the country must weigh up the benefits of such a move against the backlash it may face from countries that have imposed sanctions on Moscow.