India’s reliance on Russian oil has risen to 48% of its total imports, according to recent data, as the United States prepares to impose 100% tariffs on Russian energy exports. The increase marks a notable shift in India’s energy procurement strategy, highlighting the country’s growing dependence on alternative suppliers amid geopolitical tensions.
The data, released by Indian authorities, shows that Russian oil accounted for nearly half of India’s total oil imports in the latest reporting period. This surge comes as the U.S. moves closer to implementing sweeping tariffs on Russian energy, which could disrupt global markets and force countries to seek new sources.
India has been diversifying its energy imports in response to Western sanctions on Russia, with increased purchases from countries like China and Iran. However, the recent rise in Russian oil imports suggests that India is still prioritizing cost and availability over political considerations.
The U.S. has warned that its tariffs could lead to a significant drop in Russian oil exports, potentially affecting global oil prices and supply chains. (thehindu.com)
