'India Has A Long-Standing Relation With Venezuela' Hardeep Singh Puri

'India Has A Long-Standing Relation With Venezuela' Hardeep Singh Puri

Union Minister Hardeep Singh Puri spotlighted India's enduring ties with Venezuela during a Republic TV discussion on Budget 2026, framing it as a strategic pivot amid global oil shifts. With US encouragement to swap Russian crude for Venezuelan barrels—following Maduro's capture and sector liberalization—Puri noted New Delhi's readiness to deepen energy, trade, and investment links, building on PM Modi's recent call with acting president Delcy Rodríguez. This comes as India eyes slashing Russian imports from 1.2 million bpd to under 800,000 by March, dodging Trump's 25% tariffs while tapping Venezuela's vast reserves reopened to private players.

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