Addressing the media, the minister stressed that the conflict, which is in its fifth year, could only be resolved by dialogue, diplomacy, and negotiation.
Foreign Minister S Jaishankar, who was in Kyiv for an official visit, said curtailing India’s purchase of Russian oil will not stop the war in Ukraine, pushing back on the Western position that cutting Moscow’s economic lifeline would force it to abandon the conflict.
The legislation argues that such trade supports Moscow’s economy and helps finance its military operations in Ukraine. Because somebody is buying or not buying oil or alumina or minerals or metals or fertiliser, “This conflict, which is today in its fifth year, will not be solved. The minister highlighted the challenges of ensuring energy security for India’s 1.4 billion people and said both Ukraine’s and India’s perspectives on the issue should be respected. Last month, the US Senate passed a bipartisan bill that could authorise President Donald Trump to impose tariffs of up to 100 per cent on goods from countries, including India and China, that continue importing Russian oil and gas.
This conflict will be solved by dialogue, diplomacy, and negotiation,” Jaishankar said after he met with Ukrainian Foreign Minister Andrii Sybiha.
India’s Growing Dependence on Russian Oil
India imports approximately 88 percent of its crude oil, which is refined into fuels such as petrol and diesel. A significant portion, about one-third, of these imports comes from Russia. In August, India sourced around 2.1 million barrels of crude oil from Russia each day, according to maritime intelligence firm Kpler.
