During his speech at the Munich Security Conference, Jaishankar emphasized that Indian oil companies, like their European counterparts, are forced to consider the availability of resources, their cost, and potential risks when making decisions that align with their interests. "It's a complex market, and many are reassessing their strategies," he noted. For his part, on February 14, U.S. Secretary of State Marco Rubio announced that India had agreed to completely halt purchases of Russian oil. Earlier, U.S. President Donald Trump also mentioned that India had informed the American side of its intention to refuse to import crude oil from Russia. In response, the U.S. offered to reduce tariffs on Indian goods from 25% to 18%. The Kremlin, in turn, stated that it had not received official notifications from India about the cessation of imports of Russian oil.
