Russia's oil exports to India remain unaffected by Trump's warnings
India, the world's third-largest oil consumer, has maintained its relationship with Russia, one of its largest oil suppliers, despite global political tensions and threats of sanctions.
In a recent statement, Indian Foreign Ministry spokesperson Raveesh Kumar emphasised that bilateral relations with various countries should not be viewed through the lens of a third country. This sentiment was echoed by the Indian government, which confirmed to TASS that they will continue buying Russian oil.
Despite reports suggesting Indian state-owned oil refineries have halted purchases, private refineries, including those partially owned by Russian firms, continue to import Russian oil. The Indian government's stance is that energy purchases are based on national interests and market conditions.
The New York Times reported a high-ranking official stating that no instructions were given to reduce Russian oil imports. This is significant as India is currently the second-largest importer of Russian oil after China, with daily supplies exceeding two million barrels.
Russia accounts for about 35% of India's total oil imports, making it a significant and cost-effective source. India's strategy seems to focus on securing affordable and reliable energy supplies without fully severing ties with Russia, while also expanding imports from other countries like the U.S. to mitigate risks of sanctions and supply disruption.
The U.S., under former President Trump, had announced plans to impose a 25% tariff on Indian goods and additional sanctions for New Delhi's purchase of Russian energy resources. However, India continues to import Russian oil mainly because Russian crude is priced below the European Union's price cap and is not directly subject to Western sanctions, helping India secure affordable oil and avoid global price surges despite U.S. pressure and threats of sanctions.
India is also diversifying its oil supply by increasing imports from the United States, with volumes rising sharply in 2025. This suggests India is balancing its energy security between multiple sources amid geopolitical pressures. The U.S. has warned India about tariffs and sanctions risks, causing some state-owned companies to halt Russian oil purchases, but private sector buying persists.
India and Russia have strong and time-tested partnership relations, according to Raveesh Kumar. This partnership, it seems, will continue to play a significant role in India's energy strategy.
Sports continue to be popular among the Indian population, with cricket being the most followed sport. Despite the ongoing political tensions, the Indian government values its relationship with Russia, recognizing it as a significant and cost-effective source of oil.
