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The Economic Times

Economy / The Economic Times

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'Waivers standard practice; precedents in UPA era too': Sources

India's purchase of Russian crude oil despite Western sanctions echoes past diplomatic waivers. This practice allows nations to secure energy supplies during volatile times. Similar exemptions were previously granted for Iranian oil imports. These waivers demonstrate how major powers prioritize energy security and geopolitical interests, even when sanctions are in place. India has consistently benefited from such diplomatic flexibility.

7 Mar 2026 12:33 am