New Delhi: With mounting pressure from U.S. tariffs and European Union sanctions targeting nations trading in Russian oil, India is signaling a potential policy overhaul to safeguard its energy security and national interests. The Ministry of External Affairs (MEA) has hinted that a strategic recalibration may be on the horizon as global geopolitical dynamics grow more complex.
Among the key alternatives India is evaluating are the resumption of oil imports from Iran and Venezuela—two energy-rich nations that previously faced U.S. sanctions. Both offer the promise of affordable crude and could help India cushion the impact of restricted Russian oil flows.
Additionally, India may accelerate Free Trade Agreements (FTAs) with ASEAN, GCC, and African partners, aiming to diversify supply chains and reduce dependency on traditional markets affected by sanctions.
As global diplomatic tensions intensify, New Delhi is expected to maintain its multi-aligned approach, balancing strategic relations with both the West and Russia, while prioritizing domestic energy needs.
The MEA emphasized that India’s policy decisions will be rooted in national interest, with experts forecasting that a shift in trade and energy strategy could reshape the country’s global economic footprint. Further policy announcements are anticipated in the coming weeks as India fine-tunes its approach to a rapidly evolving global energy landscape.
