Russia’s Foreign Ministry has said it has “no reason” to believe that India has altered its position on importing Russian crude oil, reaffirming that energy cooperation between the two countries remains mutually beneficial and contributes to global market stability.

The remarks, made on Wednesday (February 18, 2026), came amid claims from Washington that New Delhi had agreed to halt purchases of Russian crude.

Moscow Counters Washington’s Claim

Responding to reports suggesting a potential shift in India’s oil procurement policy, the Russian Foreign Ministry stated that it has seen no indication of any change in India’s approach.

According to Moscow, energy trade between Russia and India:

• Serves the national interests of both countries.

• Supports energy security for India.

• Contributes to stability in the global hydrocarbons market.

The statement appears aimed at reassuring markets and reinforcing the continuity of bilateral energy ties.

India–Russia Energy Partnership

Since 2022, India has significantly increased imports of discounted Russian crude oil. Russian barrels have become a key component of India’s energy mix, helping domestic refiners manage input costs amid global volatility.

Energy trade has also emerged as one of the pillars of the broader strategic partnership between the two countries, alongside defense cooperation and diplomatic engagement.

Global Hydrocarbon Market Stability

The Russian Foreign Ministry emphasized that continued oil flows to major consumers like India play an important role in:

• Preventing supply disruptions.

• Moderating price volatility.

• Maintaining balance in global energy markets.

With ongoing geopolitical tensions and shifting trade routes, stable long-term contracts have been viewed as a buffer against extreme price fluctuations.

Geopolitical Context

Washington’s reported claim that India agreed to stop importing Russian crude reflects ongoing Western efforts to limit Moscow’s energy revenues. However, India has consistently maintained that its energy purchases are guided by national interest and market considerations.

New Delhi has previously stated that ensuring affordable energy for its population remains a priority, especially given its status as one of the world’s largest crude oil importers.

Market Implications

Statements regarding changes in oil trade patterns often influence:

• Global crude prices.

• Currency markets.

• Shipping and insurance costs.

By asserting continuity, Moscow appears to be seeking to dampen speculation about potential disruptions in supply flows.

Conclusion

Russia’s Foreign Ministry has dismissed suggestions of a change in India’s position on Russian crude imports, calling the energy trade mutually advantageous and stabilizing for global markets. The development underscores the strategic and economic importance of India–Russia energy ties amid evolving geopolitical dynamics.

As energy markets remain sensitive to diplomatic signals, further clarity from New Delhi may shape the next phase of global oil trade discussions.

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