ENA Sectors 2025-09-08 12:36:12 <p><span style="font-size:14px"><strong>New Delhi, Sep 8 (KNN)</strong> Finance Minister Nirmala Sitharaman on Friday reaffirmed that India will continue purchasing oil from Russia, underscoring that the countrys energy policy will be determined by national requirements.</span></p> <p><span style="font-size:14px">India will continue to buy Russian oil. It is our decision to buy what suits our needs, where we buy our oil from, we will have to take a call on it, Sitharaman told News18.</span></p> <p><span style="font-size:14px">The minister emphasised fiscal discipline and credibility as key to economic management, noting that long-term growth depends on trust-building with citizens and responsible policymaking. </span></p> <p><span style="font-size:14px">There are no shortcuts to earning profits. We need to earn the peoples trust to make them, she said.</span></p> <p><span style="font-size:14px">India faces a 50 percent tariff on Russian oil imports effective August 27, comprising a 25 percent reciprocal levy and an additional 25 percent duty specifically targeting Russian energy. </span></p> <p><span style="font-size:14px">The US administration has defended the move as part of efforts to promote peace and enhance economic security, citing negotiations on large-scale trade and investment agreements worth about USD 2 trillion with key partners, including the European Union.</span></p> <p><span style="font-size:14px">India has defended its reliance on Russian crude, calling it vital for energy security and criticising the US for singling out India while other nations continue similar purchases. </span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 43418 https://knnindia.co.in/news/newsdetails/sectors/india-to-continue-russian-oil-imports-in-line-with-national-energy-requirements-fm-sitharaman 2025-09-08 12:36:12 knnindia.co.in