The dependence on India of the Russian crude oil has risen from only 0.2% before the Ukraine war to around 35-40% currently, making the top supplier of Russia India.
From only 0.2 percent before the Russia-Ukraine war to now good for 35-40 percent of the total rough import, the dependence on India of Russian oil has risen-a new investigation with US President Donald Trump that announces a penalty on a rate of 25 percent or tax, on all goods going to the US.
Historically, India bought most of its in the middle, including Iraq and Saudi Arabia. However, things changed when Russia invaded Ukraine in February 2022.
India, the world’s third biggest rough importer after China and the US, began to pick up Russian oil that was available with a discount after some in the West scoop it as a means to punish Moscow for his invasion of Ukraine.
Trump imposes rate, quotes India’s Russian tires
Of a market share of only 0.2 percent in the import basket of India before the start of the Russia-Ukraine conflict, Russia Iraq and Saudi Arabia have overtaken to become the NO.1 supplier of India, with a share at a certain moment of 40 percent at a certain moment.
This month, Russia supplied 36 percent of all crude oil, which is converted into fuels such as gasoline and diesel, which has imported India.
The announcement of the imposition of 25 percent rate or tax on all Indian goods that go to the US, Trump said that New Delhi “always bought a vast majority of their military equipment from Russia, and are the greatest buyer of Russian energy, together with China, at a time Russia wants Russia to put the murder in Oekrain” “” ” “India will therefore pay a rate of 25 percent, plus a fine for the above (Russian purchases), from August first,” he said in a post on social media.
The oil mix of India is again calibrated by economy, not politics
India bought 68,000 barrels a day of crude oil from Russia in January 2022, according to the global real-time data and analysis provider Kpler. That month the Indian import from Iraq were 1.23 million BPD and 883,000 BPD from Saudi Arabia.
In June 2022, Russia caught up with Iraq to become the largest oil supplier in India. That month it delivered 1.12 million BPD compared to 993,000 BPD that came from Iraq and 695,000 BPD from Saudi Arabia.
Russian import peaked to 2.15 million BPD in May 2023 and have varied -dependent on the discount with which the oil was available. But the volumes never went under 1.4 million BPD, which is more than what India bought from top supplier Iraq before the conflict of Russia-Ukraine.
This month, import from Russia has an average of 1.78 million BPD, almost double the import of 900,000 BPD from Iraq. Saudi -Import was 702,000 BPD according to KPLER.
After the Ukrainian war, the Western energy sanctions against Russia pushed it to lower prices for those buyers who are still willing to buy his crude oil.
Price hoods and discounts: G7 tries to limit the Russian income
The discounts on the Russian flagship Urals rough for Brent – the world’s most famous benchmark – were at a certain moment as high as USD 40 per barrel but have since been trimmed to less than USD 3.
G7 -countries in December 2022 imposed a USD 60 per barrel of price limit on Russian crude oil. According to the mechanism, European companies were allowed to transport and insure the shipments from Russian oil to third countries, as long as it is sold under the covered price – an attempt to limit the impact of sanctions on global oil flows, but to ensure that Russia earns less with trade.
This month, the European Union decided to lower the price limit to USD 47.6 and he introduced an automatic and dynamic mechanism for the assessment in the future. The idea is to keep the cap 15 percent lower than the average market price.
In addition to burning the Indian economy, cheap Russian oil gave refineries lucrative things – refining that crude oil and exporting the products into shortage countries.
These include the European Union, which had forbidden direct purchases of crude oil from Russia.
The refineries of India export Russian-Origin fuel to sanctioning countries
The majority of the crude oil that goes from Russia to India arrives in ports in Gujarat, where the Jamnagar refinery of Reliance Industries Ltd, the largest in the world and Nayara Energy-ownership of India’s on the second largest refinery for less than 10 miles in Vadinar changed fuel in fuel.
The Center for Research on Energy and Clean Air, a research group based in Finland, emphasized in a recent report the role of “laundries” countries such as India, China and Turkey, which buy Russian oil, refine in other products and sell it to buyers in Europe, the United States and other jurisdictions from Russland.
This month the European Union decided to ban the import of refined oil produced from Russian crude oil.
India balances the oil security with geopolitical neutrality
Throughout the Russia-Ukraine war, India has adopted a neutral attitude, thereby weighing the economic and energy needs with diplomacy.
Minister of Oil Hardep Singh Puri has repeatedly stated that global oil prices would have been sharply shot if India had not bought Russian oil. The logic was, if the oil of a large supplier like Russia would go off the shelf, it would have created busy on other supplies and led to prices in prices.
Minister of External Affairs S Jaishankar has also stated that it is a sensible policy to go where the best deals are available in the interest of the Indian people. “If it is your statement that our position was to first place the interests of the Indian audience, I argue guilty,” he had said in the past.
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Published on July 30, 2025
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