India to Continue Oil Imports from Russia Despite Trump’s Warnings
India will continue purchasing oil from Russia despite threats of penalties from former U.S. President Donald Trump. According to government sources, these are long-term contracts, and it is not feasible to stop the imports overnight. India is one of the largest buyers of Russian crude oil, and officials have clarified that there is no ban on oil imports from Russia.
Despite Trump’s hints about imposing sanctions, Indian officials stated that energy needs are based on market forces and national interest. These contracts are crucial to India’s energy security.
Trump's Warning
Trump had posted on Truth Social suggesting that India might face additional penalties for buying Russian weapons and oil. However, amid ongoing tariff tensions with the U.S., India's decision to continue Russian oil imports is seen as a strong response.
India’s Oil Strategy
Reports suggesting Indian refiners had stopped buying Russian oil were refuted by officials. According to IANS, state-run refineries like Indian Oil Corporation, Bharat Petroleum, Hindustan Petroleum, and Mangalore Refinery are still buying Russian oil based on demand while also exploring West Asian and African alternatives.
India’s energy purchases are based on global market offerings and are aimed at ensuring stable domestic supply. There’s been no official government direction to reduce imports from Russia.
Official Standpoint
The New York Times quoted two senior Indian officials on August 2, confirming that there has been no change in India’s oil import policy. One official said that oil companies have not been asked to reduce Russian imports.
Ministry of External Affairs Statement
MEA spokesperson Randhir Jaiswal, during a routine press briefing, said India continues to monitor market conditions and make decisions based on national interest. He emphasized that India's relationship with Russia is time-tested and should not be viewed through the lens of a third country.