Russia Assures India Of Uninterrupted Oil Supply Despite U.S. Sanctions

The latest round of U.S. sanctions on Russia’s oil sector has added pressure to its trade with India, but Moscow is confident that its oil trade with India will continue unaffected.

While Indian refiners are scrambling for alternative supplies, Russia’s First Deputy Energy Minister, Pavel Sorokin, has assured that the long-standing energy partnership between the two nations will remain intact.

Speaking at the India Energy Week conference, Sorokin said that Russia and India’s relationship is built on “economic pragmatism” and should not be influenced by political pressures. He also dismissed the sanctions as “illegal” and argued that they have negatively impacted the global economy.

India has been one of the largest buyers of Russian crude since Western nations imposed restrictions on Moscow after the invasion of Ukraine in 2022.

Russian oil, which was previously less than 1% of India’s total imports, surged to nearly 40% in 2022 due to heavy discounts. However, this share has now dropped to 30-35% as sanctions tighten.

The latest U.S. sanctions, announced last mon…

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