What Trump tariffs? Russia accounts for over half of India's crude imports
According to GTRI’s analysis, in June India imported crude oil worth $14.8 billion from all sources, of which $7.2 billion came from Russia. This translated into a Russian share of 48.6%.
Russia has become the leading supplier of crude oil to India, accounting for over 50% of the country's imports in July 2026, according to a recent report by the Global Trade Research Initiative (GTRI). This rise in Russian crude imports comes amid threats of tariffs from the United States, which could force India to choose between reducing its purchases from Russia and protecting its exports to the US.
In June 2026, India imported $7.2 billion worth of crude oil from Russia, making up 48.6% of its total crude imports. GTRI founder Ajay Srivastava suggests that India should continue buying Russian crude oil, as it has helped lower import costs, diversify supplies, and strengthen energy security.
Written by urgent.news from Times of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
