US Russia Sanctions Bill Could Tighten Oil Markets, Put India’s Energy Security at Risk, Says Kpler: Report
Kpler said India imported a record 2.8 million barrels a day of Russian crude in July, and a curtailment could lift global prices.
- The Senate passed the bipartisan Graham Sanctioning Russia and Iran Act last week, which seeks to levy tariffs of up to 100% on countries that continue buying Russian oil and gas.
- Russia's share in India's crude oil imports jumped to 48% in June 2026, with Kpler data showing Indian refiners imported a record 2.8 million bpd in July 2026, accounting for about 55.5 per cent of total imports.
- Seeking to pre-empt sanctions exposure, the Ministry and MoPNG told The Hindu that India diversified shipping routes through the Red Sea via Yanbu and Fujairah to avoid single choke points.
- A rapid curtailment of Russian supplies could tighten global oil balances, Ritolia warned, potentially increasing India's import bill and widening pressure on the current account and energy security concerns.
- Replacing Russian crude at current volumes would be difficult, if not impossible, in the short term, as India cannot quickly cut back while supplies through the Strait and Hormuz remain constrained.
13 Articles
13 Articles
Russian crude imports rise to new high for 2nd month in row - The Tribune
India’s imports of Russian crude oil rose to a record high for the second consecutive month in July, underscoring the country’s continued reliance on discounted Russian supplies even as Western sanctions have tightened restrictions on Moscow’s energy exports. Indian buyers imported Russian crude worth 5.5 billion euros in July, up 2.1 per cent from June, […]
100% US tariffs may not deter India from buying Russian oil – report
Record purchases of Russian oil in July show that India won’t be deterred by new US sanctions India is unlikely to reduce its Russian oil purchases, despite a new sanctions bill that imposes steep tariffs on Russia’s top oil buyers passing in the US Senate, Indian media reports suggest. The Lindsey O. Graham Sanctioning Russia...
Russia’s share in India’s oil imports jump to all-time high of 48% despite 100% tariffs threat from U.S.
The U.S. Senate has passed a bill that will see tariffs of up to 100% being levied on top 5 countries importing Russian oil and gas; the Bill now awaits passage in the House of Representatives
US Russia sanctions bill could tighten oil markets, put India’s energy security at risk, says Kpler: Report
US Senate sanctions bill targeting Russian energy buyers could disrupt crude supplies, tighten global oil markets and raise pressure on India’s energy security.
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