India Won’t Quit Russian Oil Despite US Tariffs
Indian petroleum refiners have made it clear they will continue importing Russian crude oil despite mounting pressure from the United States. Industry executives said there has been no instruction from the government to halt purchases, stressing a “country first, commerce later” approach.
Tariff Concerns Impact Volumes, Not Strategy
September loading orders have dipped, largely because discounts on Russian oil have narrowed. However, refiners expect volumes to rebound in October as price advantages return. Officials emphasized that current reductions are based on market economics, not a change in India’s strategy.
Strategic Stand Amid Trade Tensions
India’s position comes as U.S. tariffs on Indian exports climb to 50%, a move directly linked to its continued Russian oil imports. New Delhi’s stance underscores its focus on energy security and national interest over foreign pressure. The continuation of Russian crude trade signals India’s intent to prioritize stability in energy supplies despite global headwinds.
