Russia’s share in India’s oil imports jump to all-time high of 48% despite 100% tariffs threat from U.S.
The U.S. Senate has passed a bill that will see tariffs of up to 100% being levied on top 5 countries importing Russian oil and gas; the Bill now awaits passage in the House of Representatives
In June 2026, Russia emerged as the top supplier of crude oil to India, accounting for 48% of the country's oil imports by volume and 48.6% by value. This all-time high despite the looming threat of a 100% tariff from the U.S., which would apply to any country importing oil from Russia after 30 days of the bill's enactment. The U.S. Senate's Graham Sanctioning Russia and Iran Act of 2026 seeks to impose such tariffs on countries that continue to purchase Russian oil and gas.
However, India's oil import bill, while reduced by 22% in June 2026 compared to May, was still 40% higher than in June 2025. India's dependence on Russian oil is expected to continue, as alternatives to the Strait of Hormuz remain limited due to ongoing conflicts in the region.
Written by urgent.news from The Hindu's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.