{"id":15220,"date":"2025-08-23T08:04:46","date_gmt":"2025-08-23T08:04:46","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=15220"},"modified":"2025-08-23T08:04:46","modified_gmt":"2025-08-23T08:04:46","slug":"india-accounted-for-20-of-all-of-russias-crude-oil-exports-since-ukraine-war-report","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/15220\/","title":{"rendered":"India Accounted for 20% of All of Russia\u2019s Crude Oil Exports Since Ukraine War: Report"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0India has been stepping up its crude oil purchases from Russia since 2022, when Russia went into a war with Ukraine, a fact that has irked the United States in recent past so much so that it imposed a \u2018penalty\u2019 tariff of 25% over and above an existing reciprocal tariff of 25% on India.<\/p>\n

According to <\/span>a report by <\/span>The Economic Times<\/span><\/i><\/a>, citing Finland’s Centre for Research on Energy and Clean Air (CREA), India purchased Russian oil worth Rs 132 billion since early 2022, that is, when Russia\u2019s invasion into Ukraine began. This accounts for 20% of Russia\u2019s total export earnings, which amounts to Rs 640 billion during the same period.<\/span><\/p>\n

Although Western nations have attempted to boycott Russian purchases in the last two years, the oil remains accessible in global markets, enabling countries like India and China to purchase it at reduced price.<\/span><\/p>\n

Russia’s cumulative earnings from oil, gas, and coal exports since the war’s onset reached Rs 931 billion, according to CREA. While China’s Russian oil imports remain the highest at Rs 193 billion, India\u2019s imports surpassed both the EU’s Rs 105 billion and Turkiye’s Rs 71 billion.<\/span><\/p>\n

The US President Donald Trump and his administration has been continuously criticising India for its purchases from Russia. Recently, <\/span>Trump cabinet official Scott Bessent said<\/span> that \u201csome of India\u2019s richest families\u201d are involved in the country\u2019s \u201cunacceptable\u201d \u201cprofiteering\u201d from buying and reselling Russian crude.\u00a0<\/span><\/p>\n

A day prior to that, White House trade adviser and economist Peter Navarro wrote in a newspaper column that the proceeds from India\u2019s purchases of Russian oil are flowing to India\u2019s \u201cpolitically connected energy titans, and in turn, into Vladimir Putin\u2019s war chest\u201d.<\/span><\/p>\n

Trump\u2019s 25% \u2018penalty\u2019 tariff on India, above the 25% \u2018reciprocal\u2019 tariff introduced in July brings India\u2019s total to a whopping 50%, and it is likely to affect <\/span>several export industries<\/span>. While the reciprocal tariffs have already come into force, the penalty is scheduled to be imposed on August 27.<\/span><\/p>\n

Several rounds of trade negotiations have been held between the two countries as they try to reach a bilateral agreement, however, so far, the talks have ended in stalemate.<\/span><\/p>\n

Updated on