Russia has confirmed that it will continue supplying oil to India at a 5% discount, even as the United States applies tariffs and pressures New Delhi over its oil purchases. Evgeniy Griva, Deputy Trade Representative of Russia to India, said that the discount is subject to negotiation but is typically around 5%. He added that India will continue importing roughly the same volume of Russian crude despite the political situation.
Roman Babushkin, Russian Deputy Chief of Mission to India, said that while the situation is challenging for New Delhi, India-Russia energy cooperation remains strong. He emphasized that the two countries have trust in their bilateral ties and that energy imports will continue regardless of external pressure.
The move comes after the US criticized India for buying Russian oil, alleging that these purchases indirectly fund Russia’s war in Ukraine. As a result, Washington has imposed 50% tariffs on Indian exports, a decision that could heavily impact sectors such as textiles, leather, and marine products. India has condemned the US action, calling it “unfair, unjustified, and unreasonable.” Prime Minister Narendra Modi has also affirmed that India will not yield to economic pressure and will continue to make independent policy decisions.
US officials explained that these tariffs are part of a broader strategy to pressure Russia to end the Ukraine conflict. Karoline Leavitt, a US government spokesperson, said that the sanctions on India were intended as secondary measures to discourage countries from continuing to purchase Russian oil. The US has also threatened further secondary sanctions on countries importing Russian crude if no significant steps are taken to resolve the war.
India and China remain the top buyers of Russian oil, and this 5% discount offered by Russia demonstrates its intent to maintain energy supplies to India despite geopolitical tensions. Analysts say that the move will help India secure affordable energy while balancing international pressure. At the same time, India continues to highlight the importance of protecting its domestic industries and global trade interests amid growing US sanctions.
This development underscores the complex global energy landscape, where nations must navigate economic pressures, geopolitical tensions, and domestic energy needs. Russia’s discounted supply and India’s decision to continue imports reflect the strength of bilateral energy cooperation even in a challenging international environment.