An article in Business Standard reports that despite the new U.S. tariffs, India’s imports of Russian crude oil have remained largely stable. The data shows that while crude cargoes for September delivery may be slightly lower than in August, the overall import volumes are consistent with pre-tariff levels. This suggests that India is not immediately reducing its purchases from Russia in response to U.S. pressure.
The article states that India’s willingness to keep importing Russian oil reflects its strategic shift toward energy security and a diversified supply chain. It also notes that some Indian refiners are exploring new supply chains but are not expected to make any major changes in the short term.