Minister of Oil and Pure Fuel Harpia Singh Puri at an occasion held in New Delhi on July 17, 2025. Picture Credit score: PTI
India is assured that if Russia’s provide hits secondary sanctions, it can meet the wants of oil from different sources, Petroleum Minister Harp Singh Puri stated on Thursday (July 17, 2025).
Earlier this week, US President Donald Trump warned that if Moscow fails to succeed in a peace settlement with Ukraine inside 50 days, international locations buying Russia’s exports might face sanctions.
India ought to be capable of handle points referring to Russian imports by in search of provides from different international locations, Puri stated. He stated many new suppliers, reminiscent of Guyana, have come into the market, with provides from present producers reminiscent of Brazil and Canada.
Moreover, India is growing its exploration and manufacturing actions.
“I am not apprehensive in any respect. If one thing occurs, I am going to cope with it,” Puri stated at an trade occasion in New Delhi.
Diversified Sources
“India is diversifying its sources and I believe we went from round 27 international locations that we presently purchase from round 40 international locations,” he stated.
India’s oil imports from Russia rose barely within the first half of this yr, with personal refiners Reliance trade and Nayara’s power making about half of the general purchases from Moscow.
Russia continues to be India’s high provider, accounting for round 35% of India’s general provide, with Iraq, Saudi Arabia and the United Arab Emirates persevering with, knowledge present.
If Russian provides are hit, Indian oil corporations will return to the identical template because the pre-crane disaster when Russian provides have been lower than 2%,” Sahney informed reporters on the occasion.
