India has imported approximately $168 billion in Russian crude oil since the onset of the Ukraine conflict in February 2022. This figure, reported by the Finland-based Centre for Research on Energy and Clean Air (CREA), highlights India’s position as a significant buyer of Russian oil, second only to China. The report indicates that India’s oil imports from Russia have reached around €144 billion, reflecting a notable shift in the global energy landscape amid ongoing geopolitical tensions.
Despite facing international scrutiny, India has substantially increased its intake of Russian crude, which now accounts for about one-third of its total imported oil. This trend accelerated following Russia’s invasion of Ukraine, as Indian refiners sought cheaper energy sources. The CREA report emphasizes that since the beginning of the full-scale invasion on February 24, 2022, Russia has garnered over €1 trillion from fossil fuel sales globally. These revenues continue to support ongoing military operations in Ukraine.
Impact of U.S. Sanctions on Indian Purchases
Recently, India’s imports of Russian oil have started to decline, a response to new U.S. sanctions targeting major Russian oil companies, including Rosneft and Lukoil. The U.S. has expressed concerns over India’s substantial oil purchases, which President Donald Trump previously criticized. In an effort to curb India’s oil imports from Russia, the Trump Administration implemented a tariff increase from 25% to 50% effective August 2025.
Although initially resistant to the tariff, Indian refiners have reportedly reduced their purchases of Russian crude in recent months. This change follows the sanctions imposed by the U.S., which have prompted Indian officials to reassess their energy strategies. India is also exploring a potential trade agreement with the United States, signaling a desire to improve relations while addressing energy security concerns.
The Road Ahead for India and Russian Oil
The evolving circumstances present both challenges and opportunities for India as it navigates its energy needs while balancing international relations. The CREA calls for action to close loopholes that allow Russian oil to flow into global markets and advocates for diversifying energy sources away from Russian gas. The organization emphasizes the importance of facilitating a self-determined peace in Ukraine, underscoring the interconnectedness of energy policies and geopolitical stability.
As the world watches, the future of India’s energy imports and its relationship with Russia will likely remain a focal point in global discussions regarding energy security and geopolitical alliances. The situation continues to develop, with significant implications for both the Indian economy and international energy markets.
