India's Oil Diplomacy: Navigating the Russian Conundrum

India is continuing its purchase of oil from Russia despite the threat of penalties from U.S. President Donald Trump, according to anonymous Indian government sources. They emphasize the complexity of altering long-term contracts abruptly.

President Trump recently hinted at potential sanctions for India's ongoing purchase of Russian oil, but Indian officials maintain their policy remains unchanged and has not directed its oil companies to reduce imports. The decision seems anchored in the need to balance global market situations and energy needs, Indian foreign ministry spokesperson Randhir Jaiswal stated.

Despite Trump's warnings, Russia remains India's top oil supplier, with India importing around 1.75 million barrels per day from Russia in the first half of 2025. Meanwhile, Indian refiners are scaling back Russian oil purchases as discounts lessen due to decreased Russian exports and sustained demand.

(With inputs from agencies.)