India, which has not explicitly condemned Russia’s invasion of Ukraine, has emerged as the largest buyer of Russian oil after China
The country’s foreign minister has said that as the world’s third-largest consumer of oil and gas, where income levels are not high, India had to look after its own interests and called Russia “a steady and time-tested partner”.
Reuters also reported last month that Moscow had sent India a list of more than 500 products for potential delivery, including parts for cars, aircraft and trains, as sanctions squeeze Russia’s ability to keep vital industries running. India, too, has sent Russia a list of Indian products for access to Russian markets, according to the foreign minister, as it seeks to balance bilateral trade that is now tilted towards Russia.
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