Brief by Shorts91 Newsdesk / 04:25pm on 02 Aug 2025,Saturday India Global
As of August 2, 2025, Indian officials confirmed that oil procurement from Russia remains unchanged, despite U.S. President Donald Trump warning of a 25% tariff and unspecified penalties if India continues buying Russian energy . Authorities emphasized that long-term contracts and market-based factors—such as price, grade, logistics, and inflation control—guide their choices, not political pressure . State refiners paused purchases recently due to narrowing discounts, but private players like Reliance and Nayara continue importing. Russian crude still makes up approximately 35% of India's oil imports, underscoring New Delhi’s stance on independent energy policy and economic pragmatism. (PC: The Guardian)
