{"id":13352,"date":"2025-02-18T09:35:38","date_gmt":"2025-02-18T09:35:38","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=13352"},"modified":"2025-02-18T09:35:38","modified_gmt":"2025-02-18T09:35:38","slug":"india-can-lessen-reliance-on-russian-oil-if-us-emerges-as-key-supplier","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/13352\/","title":{"rendered":"India can lessen reliance on Russian oil if US emerges as key supplier"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0US<\/span> President Donald Trump<\/span>\u2019s recent proposal to sell more oil and gas<\/span> to India<\/span> could significantly reduce New Delhi\u2019s purchases of discounted Russian oil, thought to be funding Moscow\u2019s war with Ukraine<\/span>.<\/p>\n

Analysts expect Delhi to welcome the move by Washington, which could induce Russia to sell its oil at market rates. India and China are among the top buyers of cheap Russian oil.<\/p>\n

\u201cRussian oil will remain important [for India] but the wartime surge will decline soon enough. The US will fill that gap,\u201d said Uday Chandra, a political scientist at Georgetown University.<\/p>\n

Trump has suggested he would meet Russian President Vladimir Putin this week, raising hopes that negotiations could end three years of fighting in Ukraine.<\/p>\n

India, which imports 85 per cent of its oil needs, has increasingly relied on supplies of discounted Russian oil in recent years.<\/p>\n

From less than 1 per cent before the Ukraine war, Russia<\/span> later accounted for 40 per cent of India\u2019s oil imports. But its share is estimated to have dropped to 25-30 per cent since the US imposed fresh sanctions on entities transporting Russian oil late last year.<\/div>\n
Updated on