Published by Global Banking & Finance Review®
Posted on October 16, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleRussia is confident in its energy partnership with India despite U.S. claims of halted oil purchases. Economic benefits drive continued cooperation.
MOSCOW (Reuters) -Russia said on Thursday it was confident its energy partnership with India would continue, after U.S. President Donald Trump said India had promised to stop buying oil from Moscow.
"We continue to cooperate with our friendly partners," Deputy Prime Minister Alexander Novak said, referring to India.
"Our energy resource is in demand, it's economically advantageous and practical, and I'm confident that our partners will continue to work with us, interact, and develop energy cooperation."
(Reporting by Reuters; Writing by Anastasia Teterevleva and Mark Trevelyan; Editing by Ros Russell)
Oil and gas are fossil fuels extracted from the earth, primarily used for energy production, heating, and as raw materials in various industries, including petrochemicals and transportation.
Economic benefits refer to the positive financial impacts resulting from an action or decision, such as increased revenue, job creation, or improved trade relations, which contribute to overall economic growth.
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