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Russia has pushed back against US President Donald Trump’s claim that India agreed to stop buying Russian oil. The Kremlin clarified that India has always diversified its crude imports and remains free to purchase oil from any supplier. With no official confirmation from New Delhi, experts say Indian refiners cannot fully replace Russian crude, highlighting India’s strategic focus on energy securi
China has sharply increased imports of discounted Russian Urals crude, reaching the highest levels since 2023, after India reduced purchases due to Western sanctions and EU trade risks. With Reliance halting Russian oil intake and Venezuelan supplies shrinking under US pressure, China stepped in to absorb surplus crude. This shift has reshaped global oil flows, strengthening Russia-China energy ti
Reliance Industries secured a previously unreported one-month US waiver to continue importing Russian oil from sanctioned Rosneft, receiving around 15 cargoes since November 22, 2025 per Kpler data. Under long-term deal supplying 500,000 bpd to world’s largest refining complex, transactions comply with wind-down rules post-October sanctions deadline. EU’s January 21 restriction on Russian oil-proc
Russian President Vladimir Putin’s two-day state visit to India for the 23rd Annual India-Russia Summit marks a major diplomatic milestone. The visit aims to deepen bilateral cooperation in trade, defence, civil nuclear energy, and space. Over 25 key agreements are expected, signifying a renewed strategic partnership. Both nations plan to expand imports, strengthen energy ties, and explore emergin
Indian Oil Corp and Bharat Petroleum have secured January 2026 Russian crude cargoes at $5/barrel discount to Dated Brent from non-sanctioned traders, even as US blacklisted Rosneft, Lukoil, Surgutneftegaz and Gazprom Neft. Tighter sanctions threaten Russia’s position as India’s top supplier, opening doors for Saudi Arabia while Washington-New Delhi trade talks remain tense over continued Russian
India, the world’s second-largest importer of Russian oil, reportedly spent 2.5 billion Euro on crude from Moscow in October, according to a European think tank. This expenditure matches the amount spent in September, coming just before new sanctions were imposed on Russian entities.
