Kremlin's Spokesperson says Russia has not heard any statement from India about halting Russian oil purchases, adding that they intend to continue developing their relations with India

Kremlin's Spokesperson says Russia has not heard any statement from India about halting Russian oil purchases, adding that they intend to continue developing their relations with India.

This statement from the Kremlin suggests continuity in Russian-Indian relations, particularly regarding oil purchases, which is significant given ongoing geopolitical tension and sanctions. Market participants should consider how this affects global oil supply dynamics and potential shifts in relationships with other trading partners, especially in context of U.S. and EU sanctions that could reshape energy pricing and forex flows. The development may influence commodities and associated currencies, making it a vital signal for traders.