Not worried about sanctions on Russian oil; global supply adequate: Hardeep Puri
Speaking at the Urja Varta 2025 event organized by the Directorate General of Hydrocarbons, Minister Puri said, 'I'm not worried at all. If something happens, we'll deal with it. India has diversified its sources of supply — we've gone from buying oil from about 27 countries to around 40 now.' He added that increased oil supply would continue to stabilize global prices, which currently hover around $65 per barrel.
President Trump recently warned of 'biting' secondary sanctions — including tariffs of up to 100% — on buyers of Russian exports unless a peace deal is reached in the Russia-Ukraine conflict within 50 days.
'I'm not worried at all. If something happens, we'll deal with it. India has diversified the sources of supply, and we have gone, I think, from about 27 countries that we used to buy from to about 40 countries now,' he said.
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