: Russian Ambassador Denis Alipov stated Thursday that Russia’s energy cooperation with India is based on India’s national interest, adding that Russian crude oil remains the most cost-effective option on the global market.

Alipov’s remarks came hours after US President Donald Trump claimed that Prime Minister Narendra Modi assured him that New Delhi will stop procuring Russian crude oil.

“Russian energy remains the most cost-effective option on the global market, and Russia has consistently honoured its commitments while showing flexibility in developing alternative logistics and payment systems in the face of attempts to disrupt this cooperation,” he said.

In his address at an event, Alipov also said that Russian crude oil accounts for around one-third of India’s total hydrocarbon imp

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