India


Ensuring stable energy prices, secure supplies are twin goals of our sourcing policy: FS Misri

New Delhi, Dec 5 (UNI) Amid the US slapping punitive sanctions on New Delhi for its purchase of Russian oil, India said today that ensuring stable energy prices and secure supplies are the twin goals of its sourcing policy.
Foreign Secretary Vikram Misri, answering a question on the US sanctions on India for purchase of Russian oil, said at a briefing on Russian President Putin’s visit: “In so far as discussion on energy is concerned, and the narrative on energy security, we have been fairly clear in communicating that as a significant importer of energy, our priority is to ensure that 1.4 billion people in India have their energy needs secured. And our energy sourcing policies are guided entirely by this imperative. Ensuring stable energy prices and secure supplies are the twin goals of our sourcing policy.
“Part of this involves therefore goes into diversifying energy supplies, and our partners, traditional as well as new, understand this and appreciate this. They also appreciate that Indian companies, both private and public, will take decisions based on the evolving market dynamics and the commercial issues they confront while sourcing their supplies. Within this approach, we are continuing our cooperation between the two countries.”
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