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"Russia Understands Compulsions": Chief Economic Adviser On Oil Imports

Published On:February 7, 2026 | Duration: 1 min, 45 sec

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"If the Iran situation doesn't get out of control in the Middle East, and oil prices remain the same from an oil procurement perspective, it may not necessarily mean a big deal of difference to India. Russia is aware of the fact that after the Rosneft and Lukoil sanctions were announced, there was a natural tendency for India to remain cautious because we didn't want to expose our financial system to sanctions as well, so they also understand the compulsions," said V Anantha Nageswaran, Chief Economic Adviser.

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