Picture exhibiting Sonipat’s Indian oil gasoline station. | Picture credit score: Reuters
India will proceed to purchase oil from Russia regardless of the specter of President Donald Trump’s penalty, two authorities sources stated New York OccasionsI do not need to be recognized due to the sensitivity of the issue.
“These are long-term oil contracts,” one supply stated. “It isn’t that simple to cease shopping for in a single day.”
Final month, Trump confirmed in a real social submit that India faces extra penalties for Russian weapons and oil purchases. On Friday (August 1, 2025), Trump advised reporters he had heard that India would not purchase oil from Russia.
New York Occasions On Saturday (August 2, 2025), two unnamed Indian officers stated there had been no change within the Indian authorities’s insurance policies, and one official stated the federal government “did not give the oil firms any path” to chop imports from Russia.
Reuters This week, Indian state refiners reported that that they had suspended Russian oil purchases final week after reductions had been narrowed down in July.
Nation breakdown of import quantity | Picture credit score: PTI Graphics
“About our power procurement necessities… we’re taking a look at what is on the market, what is obtainable out there, what is on the market, what is on the market, what’s the common international scenario and scenario,” Overseas Ministry spokesman Randhir Jaiswal advised reporters throughout a daily briefing on Friday.
Jaiswal added that India has a “secure and implementing partnership” with Russia, and that New Delhi’s relationship with numerous nations protects its personal deserves and shouldn’t be seen from the third nation’s prism.
The Washington White Home didn’t instantly reply to requests for remark.
Indian refiners are being pulled again from Russian crude oil as reductions have been lowered to the bottom since 2022 when Western sanctions had been first imposed on Moscow because of Russian exports and secure demand, sources stated earlier this week.
The nation’s state refiners – Indian Oil Company, Hindustan Petrolium, Balato Petrolium Company, Mangalore Refinery Petrochemicals Co., Ltd. – haven’t sought Russian crude previously week or so. Reuters.
Prime oil suppliers in India
On July 14, Trump threatened 100% tariffs on Russian oil-purchasing nations except Moscow reaches an enormous peace take care of Ukraine. Russia is India’s prime provider and is liable for round 35% of India’s general provide.
Russia has remained India’s prime oil provider for the primary six months of 2025 and India’s first six months, accounting for round 35% of India’s whole provide, adopted by Iraq, Saudi Arabia and the United Arab Emirates.
India, the world’s third largest oil importer and client, obtained round 1.75 million barrels of Russian oil per day from January to June this yr.
Nayara Vitality, the main purchaser of Russian oil, was just lately accredited by the European Union because the refinery is owned by a lot of Russian entities, together with most of Rosne.
final month, Reuters Nayara’s chief govt reported that the imposition of EU sanctions and that firm veteran Sergey Denisov resigned after being appointed CEO.
The three ships loaded with Nayara Vitality’s petroleum merchandise have but to be discharged from cargo, which has been hampered by new EU sanctions over Russian-backed refiners, Reuters reported later final month.
