Russia Vows to Keep Selling Oil to India Despite U.S. Tariff Threat
Russia will remain a key crude oil supplier to India, Russia’s Ambassador to India, Denis Alipov, said in an interview with Asian News International, in which he also criticized the planned U.S. legislation to slap tariffs on countries importing Russian oil. Russia has become India’s single-biggest
Source: OilPrice.com
―
DW NOTE
Russia sold 1.8 million barrels per day to India in 2024 — nearly 90% of its crude exports to Asia by some estimates — turning sanctions into a captive customer relationship. The U.S. tariff threat is directed at a buyer that has no alternative supplier at scale, and a seller that has no alternative buyer willing to absorb the volume at any price. India holds the negotiating position.