India will not halt Russian oil purchases, despite U.S. President Donald Trump's threat of sanctions, Indian officials told Reuters and The New York Times.
India will keep buying oil from Russia under long-term agreements, two Indian government sources told Reuters, pushing back against recent threats by U.S. President Donald Trump. “These are long-term oil contracts,” one source said. “It is not so simple to just stop buying overnight.”
Trump said on Friday he had heard that India would stop Russian oil imports, following earlier warnings of 100% tariffs on countries continuing energy trade with Moscow. But Indian officials, speaking anonymously to The New York Times, confirmed there had been “no change in government policy” and that oil companies had received no orders to reduce imports.
India’s Ministry of External Affairs reinforced that New Delhi's energy decisions are guided by market realities. “We look at what is there available in the markets, what is there on offer, and also what is the prevailing global situation,” ministry spokesperson Randhir Jaiswal told reporters. He added that India has a “steady and time-tested partnership” with Russia and that relations with all countries “stand on their own merit”.
The White House has not issued a response.
While Indian state refiners – including Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemical Ltd – have reportedly paused new Russian purchases in recent days due to diminishing discounts, Russian oil still accounts for about 35% of India’s total oil imports.
From January to June 2025, India, the world’s third-largest oil importer, received roughly 1.75 million barrels per day from Russia – a 1% increase from the same period last year, according to sources cited by Reuters.
However, the sector has come under further scrutiny. Nayara Energy, which is partly owned by Russia’s Rosneft and a major buyer of Russian oil, was recently sanctioned by the European Union. Its CEO resigned following the sanctions, and several of its oil tankers have yet to discharge cargoes.
Despite international pressure, India’s approach suggests it is prioritising energy security and economic pragmatism over geopolitical demands.
The Lewotobi Laki-Laki volcano in Indonesia’s East Nusa Tenggara province has erupted once again, sending an ash plume soaring to 18 kilometres and ...
Japan has recorded its hottest July since records began in 1898, according to the Japan Meteorological Agency (JMA), marking the third consecutive yea...
Around 250,000 tonnes of freight were transported via the Baku–Tbilisi–Kars (BTK) railway in the first seven months of this year. The information ...
Kazakhstan's economy expanded by 5% in 2024, outpacing the earlier forecast of 4.8%, according to the Ministry of National Economy....
India will not halt Russian oil purchases, despite U.S. President Donald Trump's threat of sanctions, Indian officials told Reuters and The New York T...
U.S. President Donald Trump said he heard that India has stopped buying oil from Russia, describing it as a “good step” — though he admitted the information is unconfirmed.
President Donald Trump announced on Wednesday that the United States will impose a 25% tariff on imports from India starting August 1, along with an additional, unspecified penalty.
India’s defence minister has rejected U.S. President Donald Trump’s assertion that he brokered a ceasefire with Pakistan in May, insisting New Delhi halted fighting only after achieving its military and political objectives.
A man posing as an ambassador has been arrested near New Delhi for running a bogus embassy from a rented home, scamming people with false promises of overseas jobs.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
The Lewotobi Laki-Laki volcano in Indonesia’s East Nusa Tenggara province has erupted once again, sending an ash plume soaring to 18 kilometres and blanketing nearby villages.
Japan has recorded its hottest July since records began in 1898, according to the Japan Meteorological Agency (JMA), marking the third consecutive year of unprecedented summer heat.
Kazakhstan has sent an official proposal to the United States seeking fairer trade terms after new U.S. tariffs on some Kazakh exports took effect, its Trade and Integration Ministry said.
Jordan’s armed forces said they killed two armed people during a foiled infiltration attempt from Syria on Friday, pushing the rest of the group back across the border.
Ukraine’s military says it struck an oil refinery, storage facility and military airfield inside Russia, in one of its largest cross-border drone operations since the war began.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment