India's $40.8 billion Russian crude imports put it in Trump's 100% tariff line of fire
The US is considering imposing tariffs on significant purchasers of Russian energy, which puts India's considerable imports of Russian crude at risk of sanctions. This development unfolds as India engages in negotiations for a bilateral trade agreement with the US. The looming tariffs threaten to disrupt global trade, adversely affecting Indian exporters while India continues to seek…
India's $40.8 billion Russian crude imports in FY2026 represent nearly one-third of its total crude imports, according to the Global Trade Research Initiative (GTRI). Russia supplies 51% of India's imported crude oil, up from 30.3% in FY2026. This dependence on Russian oil could put India at risk of a 100% tariff from the US, as the Sanctioning Russia and Iran Act advances in the US House of Representatives.
While China buys more Russian oil, India could face greater pressure from Washington due to its strong reliance on Russian crude and existing trade relationship. The potential tariff action could disrupt India's exports to the US, but the exact impact would depend on the tariff rate imposed and the specific products affected.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
