Reuters: Indian Refineries Await Government Order To Stop Buying Oil From Russia
3- 7.08.2025, 9:09
- 2,918
Pressure from the U.S. is mounting.
Indian refiners are awaiting guidance from the government following the US decision to impose additional duties of 25% on Indian goods. The new measures were a response to continued imports of Russian oil.
According to Reuters.
Washington has already applied tariffs to reduce the trade deficit with New Delhi, but the current measures are directly related to India's energy cooperation with Moscow.
Private companies continue buying
Government refineries have suspended supplies, while private players - Reliance Industries, Nayara Energy and HPCL Mittal Energy - continue to buy.
A spokesperson for a private oil company in India said, "Until the government has given instructions, we will not stop importing Russian crude."
Russia supplies more than a third of India's oil needs, which is the world's third largest importer.
US pressure and possible consequences
US President Donald Trump has sharply criticized India's deals with Russia, believing they help finance the war against Ukraine.
Indian authorities called the US actions "unfair, unjustified and unacceptable."
In response to the sanctions, India may increase oil purchases from alternative suppliers - from the Middle East, Africa and the Americas.
Saudi Arabia has already raised oil prices for Asian countries in anticipation of increased demand from India. "In anticipation of increased demand, they are keeping prices high," said a refinery official.
The new tariffs take effect in 21 days
The additional duties are expected to take effect in three weeks. However, Trump's executive order provides for the possibility of lifting them if Russia or India "sufficiently aligns with the United States on national security, foreign policy, and economic issues."
After India, Trump did not rule out imposing secondary sanctions against China for helping Russia in its war against Ukraine.
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