India Russia oil imports
India's Russian Oil Imports Plunge After US Sanctions: Impact on Global Energy Trade and Alternative Sourcing Strategies
Dec 02, 2025 10:22 pm CST
India's Russian oil imports have declined by nearly one-third following stringent US sanctions against key Kremlin-linked exporters. While November saw average imports of 1.8 million barrels per day, analysts expect December figures to drop to approximately 1 million bpd as major refiners like Reliance Industries temporarily suspend Russian purchases. The sanctions, targeting Rosneft and Lukoil, are reshaping India's crude sourcing strategy, with refiners now exploring alternative suppliers from the Middle East, West Africa, and the Americas while developing more complex trading channels to maintain access to discounted Russian barrels.
India Defends Energy Policy After Trump Claims Modi Promised to Stop Russian Oil Purchases
Oct 16, 2025 01:52 pm CST
India has responded to US President Trump's claim that PM Modi promised to stop buying Russian oil by reaffirming its energy policy focuses on consumer interests and supply security. The MEA emphasized that India's import decisions are guided by market conditions and the need for diversified energy sources, while negotiations with the US on expanding energy cooperation continue.