India on Thursday said it is assessing the implications of recent US sanctions on Russian oil majors Rosneft and Lukoil, even as it reiterated that its energy purchases are guided by the need to ensure affordable and secure supplies for its 1.4 billion citizens.

“We are studying the implications of the recent US sanctions on Russian oil companies. Our decisions naturally take into account the evolving dynamics of the global market,” External Affairs Ministry spokesperson Randhir Jaiswal said at a news briefing in New Delhi .

He stressed that India’s energy policy is shaped by “the imperative to secure affordable energy from diverse sources,” adding that the country’s oil imports are based on national interest rather than geopolitical alignments.

“Our position on the larger question of

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