India is reportedly considering a sharp reduction or even a complete halt to its imports of Russian crude oil. Sources cited in these reports suggest that New Delhi is evaluating the potential impact of upcoming international sanctions that could target nations continuing to trade energy products with Moscow.
The reports indicate that the move is being considered amid growing concerns that the United States and European Union could impose trade restrictions on countries purchasing Russian oil.
Following Russia’s invasion of Ukraine in 2022, India emerged as one of the largest buyers of discounted Russian crude. In the first nine months of this year alone, India imported nearly 1.7 million barrels of Russian oil per day, strengthening its position as a major customer for Moscow’s energy exports.
The Guardian further observed that Washington has maintained a firm stance on the issue. Former US President Donald Trump had previously stated that if India did not scale back its purchases of Russian oil, heavy tariffs could be imposed on Indian exports to the American market.
If these reports prove accurate, India’s shift could mark a significant turning point in global energy trade and its geopolitical alignments.
