India-Russia Energy Trade
India's oil imports from Russia surged dramatically after the 2022 Ukraine conflict, as Russia offered steep discounts on crude oil following Western sanctions. Russia became India's single largest crude oil supplier, displacing traditional sources like Saudi Arabia and Iraq.
- Pre-2022: Russia supplied less than 2% of India's crude imports
- Peak: India imported approximately 1.8 million barrels per day (bpd) from Russia in October 2025, accounting for roughly 35-40% of total crude imports
- Projected reduction: Imports expected to fall to under 1 million bpd by March 2026 amid US pressure
- India's total crude import dependence: ~87% of domestic consumption
- Key refiners involved: Indian Oil Corporation, Bharat Petroleum, Reliance Industries
● Tracked since February 15, 2026 · last seen March 19, 2026 · updates as the daily brief publishes
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