India once defied pressure to buy Russian oil. So why did it need a US waiver now?
- Team TOI Plus
- Updated: Mar 09, 2026, 20:32 IST IST
When US Treasury Secretary Scott Bessent announced “a temporary 30-day waiver” allowing Indian refiners to purchase Russian crude cargoes “already stranded at sea”, it was framed as a short-term step to keep global oil markets stable amid disruptions in the Gulf in the wake of the US-Israel war on Iran.
But in New Delhi’s policy circles, and in the Opposition, the optics were impossible to ignore.
But in New Delhi’s policy circles, and in the Opposition, the optics were impossible to ignore.