US EditionIndia Unfazed by Trump Threat of Secondary Sanctions on Russian Oil Buyers
INDIA, JUL 17 – India prioritizes energy security by diversifying oil sources and buying discounted Russian crude, with imports rising from less than 1% to nearly 40% since 2022, officials said.
- On Thursday at Urja Varta 2025 in New Delhi, Puri dismissed concerns about US secondary sanctions on Russia oil trade, `We’ll buy oil from wherever we have to`.
- Earlier this week, US President Donald Trump warned that if Moscow fails to reach a peace deal within 50 days, countries like India could face up to 100 per cent secondary tariffs.
- At the event in New Delhi, Puri highlighted India’s oil supply diversification, from 27 to 40 countries, and said these imports have helped stabilize global oil prices.
- Against the sanctions threats, Puri noted the global market remains well supplied.
- Future projections identify India as a key driver with 25 per cent of global energy growth, and the IEA projects such growth in the next two decades.
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15 Articles
‘There Should Be No Double Standards on Energy Trade’: India Rejects EU’s 18th Sanctions Package on Russia, Reaffirms Commitment to Energy Security | 📰 LatestLY
Hours after the European Union (EU) agreed upon an 18th round of sanctions on Russia over its invasion of Ukraine, India on Friday said that it does not subscribe to any unilateral sanction measures and that there should be no "double standards", especially when it comes to energy trade. 📰 ‘There Should Be No Double Standards on Energy Trade’: India Rejects EU’s 18th Sanctions Package on Russia, Reaffirms Commitment to Energy Security.
US plans sanctions on Russia’s trade partners: The full picture for India, explained in 3 points
Impact of US sanctions on India Russia Oil Trade Explained: What exactly is this US sanctions threat on countries that trade with Russia, and how far can it impact India? We explain, in 3 points.
Energy first: India rejects Nato chief's sanctions threat over Russia oil trade
Dismissing NATO chief Mark Rutte's threat of '100% secondary sanctions' on countries trading with Russia, India said that its domestic needs depend on the current market scenario and geopolitical conditions, and warned the West against adopting any 'double standards.'
"Caution Against Double Standards": India On NATO's Russia Trade Warning
The Ministry of External Affairs on Thursday responded to North Atlantic Treaty Organisation (NATO) chief Mark Rutte's remarks on possible sanctions over India's trade with Russia, cautioning against "double standards".
Donald Trump's threat of imposing heavy tariffs on Russia and NATO's subsequent warning to Russia's trading partner countries have increased the concern of many countries regarding oil supply, but India is not worried about it. The Petroleum Minister has said that we will deal with any situation.
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