India criticizes EU, says it will keep buying Russian oil

One of India’s top officials said Monday the country will keep purchasing oil from Russia as it prioritizes its own energy needs, The Associated Press reported. Minister of External Affairs Subrahmanyam Jaishankar made the comments in response to a $60 per-barrel price cap on Russian petroleum put in place by the European Union.

India takes off?

India has quietly become an emerging-market standout over the past decade. Not only has it easily posted the best performance of any major EM, it’s also been pretty much the only one to generate positive returns.