Archive · 2 Aug 2025
India Continues Buying Russian Oil, Secures Larger Discounts Despite US Pressure
The US is unhappy, but India is still buying oil from Russia and getting it cheaper.
The US has threatened tariffs on Indian exports.
Russia is a big oil seller and India is a big buyer.
The US wants to limit the countries that buy oil from Russia because of its war with Ukraine.
Despite the US's view, India continues to buy Russian oil as they have in the past.
India continues buying Russian oil despite US criticism and potential tariffs.
Indian refiners are negotiating spot deals for Russian oil with increased discounts.
Recent deals show discounts of up to $3 per barrel, a rise from earlier purchases.
The US announced a 25% tariff on Indian exports and a penalty for energy purchases from Russia.
Russian oil makes up 36% of India's oil imports and about 7% of global consumption.
- Who
- India, Russia, the United States, and oil refiners.
- What
- India's continued purchase of Russian oil amidst US pressure.
- When
- Ongoing, with recent deals and discussions for future oil deliveries.
- Where
- Primarily India, Russia, and impacting global oil markets.
- Why
- Due to India's energy needs, despite US sanctions and criticism.
US Perspective
Indian Perspective
Economic & Political Considerations
US Perspective
Criticizes and penalizes countries that support Russia by buying oil.
Indian Perspective
India prioritizes energy security and economic interests.
- Recent Discount on Russian Oil
- Up to $3 per barrel
- India's Crude Oil Import Dependency
- Over 88%
- Share of Russian Oil in Indian Imports
- 36%
- Global Oil Consumption from Russia
- About 7%
- US Tariff on Indian Exports
- 25%
Sources
Multiple Russian Oil Tankers Stuck At Indian Coast Amid Sanctions & Rising Scrutiny from US, EU
US sanctions force vessels with Russian oil to divert from India, sources say
How Moscow Might Respond If Trump Stops Russian Oil To India
