Amid rising US tariffs imposed on India, a major development has emerged. India is set to increase its crude oil imports from Russia starting next month. Indian oil companies plan to boost their purchases by 10 to 20 percent in September compared to August, which means India will import an additional 150,000 to 300,000 barrels of Russian oil daily. This move comes despite the US imposing a 50% tariff to deter India from buying Russian oil amid the ongoing Ukraine conflict. While the US, led by President Donald Trump, is pressuring Russia to end the war, India continues to strengthen its energy ties with Russia. According to reports, India is taking advantage of discounted crude oil offers from Russia. Since Russia’s invasion of Ukraine in 2022, Western sanctions have limited Russia’s oil markets, making India one of its largest buyers. This aggressive strategy highlights India’s intent to secure energy resources regardless of geopolitical pressures.
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