India to end Russian oil imports

In what will be a blow to the funding of Vladimir Putin’s war machine,
India has signed a deal with the U.S. to lower tariffs against it in
return for ending its importation of cheap Russian oil

Above: India’s Prime Minister Narendra Modi meets U.S. President
Donald Trump at the White House, February 13, 2025

INDIA OIL IMPORTS

5 million barrels per day
4
3
2
1
0

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Russia:
Becomes biggest
supplier to India

Iraq

Saudi
Arabia

U.S.

UAE

Nigeria

Kuwait

Venezuela

Others

Russia invades Ukraine – West
enacts energy export sanctions

Cheap
Russian oil
imports have
been very attractive
to India because it
imports 90% of
its needs

Trump says he will cut U.S. levy on Indian goods from 50% to 18% –
including removal of extra punitive 25% tariff that was applied in
response to India’s buying of Russian crude

Sources: Bloomberg, Reuters
Picture: Getty Images
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