3 weeks ago

India unlikely to curb Russian oil purchases despite US sanctions

India unlikely to curb Russian oil purchases despite US sanctions
India unlikely to curb Russian oil buys despite fresh US sanctions threat: Sources · thehindubusinessline.com

India is a big country that needs lots of oil to power its cars, planes, and factories.

It buys a lot of that oil from Russia because the two countries have been friends for a very long time.

The United States is unhappy about this and wants to make it harder for countries to buy Russian oil.

So the US Senate passed a new law that could let the president put very heavy taxes on countries that buy Russian oil.

These taxes could make Russian oil much more expensive for India.

But India says it will keep buying Russian oil anyway because it needs the energy to keep the country running.

In July 2026, India bought more Russian oil in one month than ever before, a record amount.

The new law is not finished yet, because it still needs to be approved by another part of the US government called the House of Representatives.

India and the US still trade with each other a lot, and some people in the US worry that big taxes on India would make things more expensive for American shoppers.

Key facts

Record Russian crude imports (July 2026)
2.78 million barrels per day
India's total crude imports (July 2026)
4.96 million barrels per day
Sanctions bill
Lindsey O. Graham Sanctioning Russia and Iran Act of 2026
Maximum tariff authorized
100 percent
Earlier US tariff on Indian imports
25 percent, imposed August 27, 2025
US tariff removal
February 7, 2026
Russian crude shipments to India in FY26
$40.82 billion (about 30% of India's crude purchases)
India's rank among Russian oil buyers
Second largest, after China

Quotes

A person tracking the matter closely

Anonymous source familiar with the issue

“"The legislation gives the President the authority to impose tariffs on top oil importers from Russia and does not automatically result in its imposition. There are already many voices in the US against the bill arguing that more duties on China and India would further raise domestic prices. We need to wait and see what happens."”
thehindubusinessline.com
“"India has long-enduring ties with Russia, and its defence and energy relationship is deeply entrenched. It cannot simply be given up under external pressure."”
thehindubusinessline.com

Sources

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