New Delhi( The COW News Digital) In a major shift prompted by escalating geopolitical tensions, India has reportedly halted its purchase of Russian crude oil following threats of severe trade tariffs from U.S. President Donald Trump.
According to international news agencies citing industry sources, four major state-owned Indian oil refineries ceased ordering Russian crude last week. The move follows President Trump’s July 14 warning that countries continuing to import oil from Russia could face tariffs of up to 100%.
India, the world’s third-largest oil importer, has been one of the largest buyers of Russian seaborne crude since the onset of the Russia-Ukraine war. The heavily discounted prices offered by Russia helped India cushion domestic fuel inflation over the past two years, making this suspension particularly significant.
Neither Indian oil companies nor the Ministry of Energy have commented on the development. However, energy analysts believe the decision was likely made to avoid economic repercussions as the U.S. tightens sanctions on nations supporting Russian energy exports.
In a separate but related development, President Trump announced a 25% trade tariff and additional penalties on India for continuing energy and arms imports from Russia. The announcement came just a day before the reported halting of Russian oil purchases by Indian refineries.
Interestingly, in the same statement, President Trump unveiled a new trade initiative with Pakistan, signaling a major pivot in South Asian energy alliances. He hinted at U.S. support for expanding Pakistan’s oil reserves, even suggesting that “one day Pakistan may be in a position to export oil to India.”
This comment has sparked strong reactions in diplomatic circles, given the historical rivalry between India and Pakistan and their contrasting alignments on global energy markets.
India’s decision to stop Russian oil imports marks a significant recalibration in its foreign policy and energy procurement strategy. It also underscores the far-reaching impact of U.S. pressure under Trump’s administration on global oil dynamics.
As energy security remains a critical issue for both economic stability and international diplomacy, India now faces the challenge of diversifying its oil sources while managing relations with major powers.
The move is expected to have ripple effects across global oil markets, particularly in Asia, where both energy demand and geopolitical competition are intensifying.
