India’s purchase policies softened the oil and gas markets by its decision to continue transactions with Russia and should be thanked for managing global inflation as a consequence, EAM S Jaishankar has said.

During an interaction entitled ‘How a Billion People See the World’ at the Royal Over-Seas League, Jaishankar addressed the question of India charting its own course in the face of Western sanctions against Russia for its invasion of Ukraine. He also reiterated the “exceptional steadiness” of India-Russia ties and pointed out that unlike in the West, Russia is not viewed as a “revisionist power” in the East.