Defying American pressure, India has raised its Russian oil imports to nearly two million barrels per day, even as global rating agency S&P Global upgraded India’s credit rating for the first time in 18 years. Both developments underscore New Delhi’s chosen path—self-reliance as the bedrock of sovereignty.
Read MoreWashington’s criticism of India’s Russian oil and arms imports reeks of double standards. While the U.S. quietly buys Russian goods to shield its economy, India’s purchases not only stabilize global energy markets but also save billions through rupee-based trade.
Read MoreBy Sanjeev Oak A recent international news agency report claimed that Russian President Vladimir Putin phoned Prime Minister Narendra Modi to brief him on his meeting with former US President Donald Trump. Whether this claim holds or not, it has once again ignited debate on the Russia–India dialogue, America’s shifting
Read MoreBy Sanjeev Oak In a bold and pragmatic decision, India prioritized its national interests by continuing to import crude oil from Russia despite international sanctions. This move has been credited with preventing a dramatic surge in global oil prices, underscoring India’s growing influence in the international energy market. By purchasing
Read MoreBy Sanjeev Oak The concept of the petrodollar, which once inflated the importance of the US dollar in global oil trade, appears to have reached its end. Increasingly, oil purchases are being conducted in local currencies rather than the US dollar, signaling a shift in the global financial landscape. Notably,
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