For several years, India has been importing crude oil from Iran and Saudi Arabia, which serves as the raw material for diesel and petrol.
India further imports crude oil from Russia. Following the Russian attack on Ukraine in 2022, the EU and NATO nations reportedly imposed economic sanctions.
Likewise, following instructions from the US, its allies reportedly cut off ties with Russia. But India, America’s ally, has maintained friendly relations with Russia for years. In this context, India has...