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India should continue buying Russian crude despite US pressure: GTRI
Jul-18-2025

Amid US President Donald Trump threatening to impose a 100 per cent tariffs on Russian oil buyers, the economic think tank GTRI has suggested that India should resist the US pressure to stop purchasing oil from Russia and continue buying the commodity from Moscow as it has helped India manage inflation and maintain economic stability in a volatile global environment. Moreover, it hinted that altering the policy will not stop US threats, in fact it will invite more pressure from US as preventing India from buying Russian crude is not the only demand made by US President Donald Trump, he frequently issues tariff threats for various reasons.

Based on Trump’s tariff threats, it noted that India sees no value in giving in to US pressure on Russian oil. Further, on India-US trade deal, GTRI warned that the trade deal with US doesn’t guarantee protection as Trump could shift the goalposts later on.

The recent vessel tracking data from global commodity market analytics firm Kpler had showed that India imported 2.08 million barrels per day (bpd) of Russian crude in June, the highest since July 2024. Indian refiners seized the opportunity, turning Russia, once a marginal supplier, into India's largest source of crude oil, overtaking traditional suppliers from West Asia. Russia now accounts for as much as 40% of India's oil imports.

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