Who is buying Russian oil?

President Trump has slapped India with an additional 25% tariff for
buying Russian oil but India claims it has stabilised global oil prices
and that other countries – including the EU – are still trading with Russia

RUSSIAN OIL EXPORTS		million barrels/day

India

0.1

0.9

2.0

1.9



8

6

4

2

0

2021

2022

2023

2024

EU

Türkiye

UK/U.S.

China

OECD Asia

Middle East

Africa

Latin America

Other/unknown


INDIAN OIL IMPORTS

Before Ukraine war, just 0.2% of 
Indian supplies came from Russia.

If India now turns to other 
suppliers, crude prices 
could soar to over 
$80/barrel


July 2025

Russia
1.6

Iraq
0.91

Saudi
0.70

UAE
0.45

U.S.
0.36

Other
0.69


“Shadow fleet” – spoofed position signals 
make tracking Russian shipments difficult


Sources: Bloomberg, IEA

Picture: Getty Images

© GRAPHIC NEWS