Archive · 9 Aug 2025
Sanctions May Limit Russian Crude Oil Exports to India
The US might put extra taxes or restrictions on India for buying oil from Russia.
This could mean Russia sells less oil.
India has been buying a lot more oil from Russia, becoming a major customer.
However, if India faces restrictions, Russia might have to sell more oil to China, its largest customer.
Before, most Russian oil went to Europe, but now, it goes mostly to Asia.
Additional tariffs or sanctions may decrease Russian crude oil exports.
India became the second-largest recipient of Russian crude oil and condensate in 2024.
Exports from Russia to India rose from 50,000 barrels per day in 2020 to 1.7 million b/d in 2024.
China remains the largest importer of Russian crude oil and condensate.
Europe's share of Russian oil exports decreased significantly, with Asia and Oceania increasing imports.
- Who
- Russia, India, China, and the US EIA.
- What
- Potential decrease in Russian crude oil exports due to tariffs or sanctions.
- When
- 2020-2025
- Where
- Russia, India, China, and Europe.
- Why
- Possible implementation of tariffs or sanctions.
United States
Russia
Tariffs and Sanctions
United States
May impose additional tariffs or sanctions to cut down Russian crude oil exports.
Russia
N/A
- India's Rank for Russian Crude Oil Imports (2024)
- Second-largest
- Russia's Crude Oil Exports (2020)
- 5 mb/d
- Russia's Crude Oil Exports (H1 2025)
- 4.3 mb/d
- Exports from Russia to India (2020)
- 50,000 b/d
- Exports from Russia to India (2024)
- 1.7 mb/d
- Exports from Russia to China (2024)
- 2.2 mb/d
Sources
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