US EditionRussia expects India to keep buying its oil and seeks China-India-Russia talks
Russia offers a 5% discount on crude oil to India and remains optimistic about reviving trilateral talks with India and China to strengthen regional cooperation, despite U.S. tariffs.
- On Wednesday, Russian embassy officials in New Delhi said Russia expects to continue supplying oil to India despite Washington's warnings, framing the energy partnership as a long-term, sovereign choice-respecting alliance.
- Amid tariff escalation, India’s purchases of Russian crude rose from under 1% before the war to over a third, while U.S. President Donald Trump imposed a 25% additional duty starting August 27, later doubling it to 50%.
- On August 20, Moscow offered a discounted crude price averaging 5%-7%, while Russian Deputy Trade Commissioner Evgeny Griva said rupee settlements resolved payment logjams and Russian First Deputy Prime Minister Denis Manturov touted LNG and nuclear cooperation opportunities with India.
- The tariffs threaten $87 billion in Indian exports, exposing textiles, marine and leather sectors, while officials warn the immediate impact is economic and the longer test is geopolitical for New Delhi against Washington.
- With Modi visiting China later this month, Moscow sees an opening to revive India-Russia-China trilateral talks as the Shanghai Cooperation Organisation summit in Tianjin from August 31 offers a high-level platform.
48 Articles
48 Articles
India to keep buying Russian oil, Moscow says
Russia said it expects India to keep buying its oil despite US tariff threats, which have propelled New Delhi to strengthen relations with Moscow and Beijing. A Russian envoy proposed a “special mechanism” to continue supplying crude to India, which has resisted Washington’s demands that it halt purchases. The remarks came during a week in which India’s prime minister hosted China’s foreign minister, and spoke by phone with his “friend,” Russian…
Russia Counts on Big Oil Discount to Keep India Buying Despite US Pressure
Russia expects India to maintain its purchases of Russian oil despite mounting pressure from Washington, a senior Russian official has said, according to Bloomberg on August 20. Speaking to reporters in New Delhi on Wednesday, Evgeny Griva, Russia’s deputy trade representative in India, said that Indian imports of Russian crude are likely to remain at current levels. He emphasized that Moscow continues to offer oil at about a 5% discount, leavin…
India Russia Relation: Russia's Deputy Trade Representative Evgeny Griva confirmed this.
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