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India's Russian crude oil imports reach record 48% share
India's imports of Russian crude oil have reached a record high, with Russia accounting for approximately 48% of the country's crude oil basket. In July, Indian buyers imported Russian crude worth 5.5 billion euros, representing a 2.1% increase in volume compared to June.
Crude oil constituted 87% of India's total Russian fossil fuel purchases for the month. This surge in dependence follows the 2022 invasion of Ukraine, which led Western buyers to reduce purchases from Moscow and prompted Russian exporters to offer deep discounts to Asian refiners. In 2021, Russia supplied less than 100,000 barrels per day to India, a figure that has grown significantly since.
This increased reliance comes amid geopolitical tension, as the United States Senate has moved forward with legislation that could authorize tariffs of up to 100% on major buyers of Russian energy. The proposed measures target countries that significantly increase their imports of Russian hydrocarbons, including India and China.
Entities
Centre for Research on Energy and Clean Air · India · Kpler · Lindsey Graham Sanctioning Russia Act of 2026 · Russia · US Energy Information Administration · United States
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] The US Senate has approved a bill that could allow tariffs of up to 100% on major buyers of Russian energy. www.businessoutreach.in · www.hindutamil.in
- [● 2 SOURCES] Russia supplied less than 100,000 barrels per day to India in 2021. www.dtnext.in · www.deccanchronicle.com
- [● 2 SOURCES] India was the second-largest buyer of Russian fossil fuels in July 2026. www.dtnext.in · www.deccanchronicle.com
- [● 4 SOURCES] Russia's share of India's crude oil imports reached 48% in June/July. www.businessoutreach.in · www.dtnext.in · www.hindutamil.in · www.deccanchronicle.com
- [● 2 SOURCES] Crude oil accounted for 87% of India's total Russian fossil fuel purchases in July. www.dtnext.in · www.deccanchronicle.com
- [● 2 SOURCES] India imported 5.5 billion euros worth of Russian crude in July. www.dtnext.in · www.deccanchronicle.com