India, Oct. 17 -- India's oil trade with Russia is in the news once again, thanks to US President Donald Trump's statement that India has assured him that it will stop its oil purchases from Russia soon. India's external affairs ministry in turn said the country has been broad-basing and diversifying its energy sourcing, including expanding procurement from the US but that its primary priority was safeguarding the interests of Indian consumers. These claims and counter claims aside, there is merit in looking at substantive numbers vis-a-vis Russia-India oil trade.

Published by HT Digital Content Services with permission from Hindustan Times....