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Hardeep Singh Puri Says India Can Secure Oil Even if Russian Imports Sanctioned. Here's How

INDIA, JUL 17 – India sources oil from 40 countries and imports 35% from Russia, ensuring supply stability despite US sanctions and global market shifts, according to Oil Minister Hardeep Singh Puri.

  • On Thursday, Petroleum Minister Hardeep Singh Puri said India is confident of meeting its oil needs from alternative sources, expressing confidence in securing supplies despite U.S. secondary sanctions.
  • Earlier this week, President Donald Trump warned that secondary sanctions could be imposed if Moscow fails to reach a ceasefire within 50 days, after India’s oil imports from Russia soared following steep discounts post-sanctions.
  • Data shows India’s Russian crude surge to 2.2 million barrels per day in June, demonstrating import scale, with diversification from 27 to 40 countries, as noted by Puri at Urja Varta 2025.
  • The Indian Express predicted a surge in refinery purchases before secondary tariffs take effect, according to the source.
  • Projections indicate India will tap additional crude volumes from Africa, Latin America, and the US, with Rs 30-35 lakh crore investment over the next decade for energy infrastructure development.
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The Union Minister said that India does not depend on any one country for its oil and gas needs, but imports from many countries. Hardeep Singh Puri said in an interview on Thursday that the amount of oil and gas that India buys from Russia in a quarter, European countries buy more than that in half a day.

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3yonnewsi broke the news in on Thursday, July 17, 2025.
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