India has significantly increased its purchases of Russian crude oil at heavily discounted prices, despite mounting pressure from the United States to reduce such imports. According to recent data, Indian refiners have been capitalising on Moscow's offer of cheap oil following Western sanctions imposed after Russia's invasion of Ukraine.
Defying Western Pressure
The move comes as former US President Donald Trump threatened to impose tariffs on countries continuing to trade with Russia if re-elected. However, Indian officials have defended their position, arguing that securing affordable energy supplies remains a priority for the developing economy.
Strategic Energy Calculations
Analysts suggest India's decision reflects pragmatic economic calculations rather than political alignment. With global oil prices remaining volatile, discounted Russian crude offers significant savings for India's energy-hungry economy. Government sources indicate imports from Russia have increased tenfold since the Ukraine conflict began.
US-India Diplomatic Balancing Act
The situation presents a delicate diplomatic challenge for both nations. While Washington has expressed concerns about circumventing sanctions, it has stopped short of imposing penalties on New Delhi, recognising India's strategic importance in countering Chinese influence in Asia.
Energy experts predict India will continue this balancing act, maximising economic benefits while managing relations with both Western allies and Moscow. The coming months may test how far India can push its energy diplomacy before facing concrete consequences from Western powers.
