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Despite criticism from the West, India is not backing down on its commitment to buying Russian oil.
As Brent crude retreats back to near $100 a barrel, foreign policy experts say India’s drive to buy oil will only escalate as inflation concerns take center stage.
“India is getting negative attention for the acquisition of oil by the U.S. and Europe… but India has made a judgement that its national interests dictate — keeping oil prices in the best position that it can is vital for domestic stability and economic interests,” said Frank Wisner, former U.S. ambassador to India and an international affairs advisor at Squire Patton Boggs.
As the world’s third largest oil importer, India is…
Source cnbc.com
