Aleksandr Novak has said the country\u2019s energy resources are in demand and are economically advantageous for its partners<\/p>\n
Deputy Prime Minister Aleksandr Novak has said he is confident that Russia will continue its energy partnership with India.
\nSpeaking on the sidelines of Russia Energy Week, Novak said Russia\u2019s energy resources are in demand, and are economically advantageous and practical.
\n\u201cI\u2019m confident that our partners will continue to work with us, interact, and develop energy cooperation,\u201d Novak said, according to Reuters. Regarding India, Novak added, \u201cWe continue to cooperate with our friendly partners.\u201d
\nHis comments came after US President Donald Trump claimed on Wednesday that Prime Minister Narendra Modi \u201cassured\u201d him that India will stop buying Russian oil.
\n\u201cI was not happy that India was buying oil, and he [Modi] assured me today that they will not be buying oil from Russia,\u201d Trump told reporters. \u201cThat\u2019s a big step. Now we\u2019ve got to get China to do the same thing.\u201d
\nOn Thursday, Indian Foreign Ministry spokesman Randhir Jaiswal said he was “not aware” of a phone call between Modi and Trump.\u00a0<\/p>\n
\u2757\ufe0f\ud83c\uddee\ud83c\uddf3MEA Spox \u201cNot Aware\u201d of Any Phone Conversations Between PM Modi and Trump Yesterday pic.twitter.com\/vq179XUjnB\u2014 RT_India (@RT_India_news) October 16, 2025 <\/p>\n
Since 2022, New Delhi has significantly ramped up oil imports from Russia. Russian crude accounted for 34% of Indian oil imports in September, according to Kpler data.\u00a0<\/p>\n
Read more<\/p>\n
Indian refiner pays for Russian oil in yuan \u2013 Reuters<\/p>\n
In August, Trump announced a 25% tariff on India as a penalty for the country\u2019s purchases of Russian oil, which he claims is helping Russia prolong the Ukraine conflict.
\nOn Thursday, Novak confirmed that some refiners in India are paying for Russian oil in Chinese yuan. \u201cI am aware that such payments have started. I believe the percentage is small at present because payments are largely made in rubles,\u201d he told TASS.
\nTraders selling Russian oil to Indian companies prefer payments in yuan over the US dollar since they don\u2019t have to convert the Chinese currency before paying oil producers. The yuan has become a major foreign currency in Russia, which is one its largest offshore trading centers.<\/p>\n","protected":false},"excerpt":{"rendered":"
Aleksandr Novak has said the country\u2019s energy resources are in demand and are economically advantageous for its partners Deputy Prime Minister Aleksandr Novak has said he is confident that Russia…<\/p>\n","protected":false},"author":1,"featured_media":20581,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[4,6,3],"tags":[],"class_list":["post-20580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-environment","category-politics"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t