A New York Times report published on Saturday stated that Indian officials have confirmed the country’s continued purchase of oil from Russia, despite U.S. President Donald Trump’s threats of imposing sanctions.
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The Reuters energy bulletin “Power Up” provides the latest updates on the global energy sector.
No immediate comments were issued by the White House, India’s Ministry of External Affairs, or the Ministry of Petroleum and Natural Gas when asked for a response.
Last month, Trump warned in a post on Truth Social that India could face additional sanctions if it continued to buy arms and oil from Russia. However, he later downplayed the issue, saying he “doesn’t care what India does with Russia.”
On Friday, Trump told reporters that he had heard India was planning to stop buying oil from Russia.
However, two senior Indian officials denied this to The New York Times, confirming there has been no change in policy. One of them stated that the government “has not issued any instructions to oil companies” to reduce imports from Russia.
Earlier, Reuters had reported that some state-owned Indian refiners paused purchases of Russian oil last week due to shrinking discounts in July.
On July 14, Trump threatened to impose a 100% tariff on countries buying Russian oil unless Moscow reaches a major peace agreement with Ukraine.
It is worth noting that Russia remains India’s largest oil supplier, accounting for approximately 35% of India’s total oil imports, according to Reuters.
