The Russian Foreign Ministry has issued a strong defense of India's continued purchase of Russian oil, describing the trade relationship as beneficial to both nations and crucial for global energy market stability.

Official Russian Position on Energy Trade

Russian officials emphasized that India's oil purchases serve multiple strategic purposes beyond bilateral trade benefits. The Foreign Ministry specifically highlighted how this energy partnership contributes to maintaining stability in the international energy market during a period of global uncertainty.

Energy Market Stability Focus

The Russian Foreign Ministry's statement underscores the broader implications of the India-Russia energy trade beyond bilateral economic benefits. Officials positioned the oil trade as a stabilizing force in international energy markets, suggesting that such partnerships help maintain global energy security.

This official position reflects Russia's view that energy trade relationships with major consumers like India play a crucial role in supporting overall market stability. The statement indicates Russia's commitment to maintaining these energy partnerships as part of its broader international trade strategy.

Bilateral Trade Benefits

The Foreign Ministry's characterization of the oil trade as "beneficial to both countries" highlights the mutual advantages both nations derive from their energy partnership. This positioning suggests that Russia views the relationship as strategically important for both economic and geopolitical reasons.

The official statement reinforces Russia's perspective that energy trade with India represents a win-win arrangement that serves the interests of both countries while contributing to broader international energy market stability.

Oil India Limited has scheduled a board meeting for February 10, 2026, to consider and approve its unaudited financial results for the quarter and nine months ended December 31, 2025. Additionally, the board will consider declaring a second interim dividend for FY 2025-26, as per the company's official communication dated February 2, 2026, sent to both the National Stock Exchange and BSE Limited.

Board Meeting Agenda

The upcoming board meeting will address two key matters under Regulation 29 of the SEBI (LODR) Regulations, 2015. The company will review its financial performance on both standalone and consolidated basis for the specified period.

Trading Window Compliance

The trading window for Oil India Limited remains closed until February 12, 2026, maintaining compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015. This closure period extends 48 hours after the financial results are made public, ensuring proper regulatory adherence.

Corporate Details

The official notification was digitally signed by A.K. Sahoo, Company Secretary and Compliance Officer, on February 2, 2026. Oil India Limited, a Government of India enterprise, operates with its registered office in Duliajan, Assam, and corporate office at Plot No. 19, Sector-16A, Noida-201301, Uttar Pradesh. The company trades on NSE under symbol 'OIL' and on BSE with security code 533106.