Friday, 13 November 2026 IPO data updated 21 minutes ago

India’s Russian Oil Imports Hit Record High Amid Global Sanctions Shift and Expiring US Waiver

India’s Russian Oil Imports Hit Record High Amid Global Sanctions Shift and Expiring US Waiver

India’s imports of Russian crude oil have surged to record levels, now accounting for over half of the country’s total oil needs, according to recent trade data.

The rise comes as the US waiver regime expires, reshaping global oil trade flows and increasing geopolitical pressure on importing nations. Despite Western sanctions on Moscow, Indian refiners continue to favour discounted Russian crude to manage costs.

However, experts warn that the strategy brings both benefits and risks — cheaper energy today, but potential supply and diplomatic challenges in the future.

Key Highlights:

  • India’s Russian crude imports hit record highs
  • Russian oil now makes up 50%+ of India’s crude basket
  • US waiver expiry has altered global oil trade dynamics
  • India continues imports due to discounted pricing advantages
  • Heavy dependence raises long-term energy security concerns
  • Geopolitical tensions add uncertainty to future supply flows

This news is for information only and is not investment advice. Please do your own research before making investment decisions.