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Sanctions Ukraine crisis Strait of Hormuz crisis

India tiptoes Western geopolitics as Russian crude imports reach new highs

  • Russian crude imports hit a 10-year high in July with 2.57m bpd imported and another 1.91m bpd already discharged at Indian ports in August
  • But the US is looking to impose tariffs up to 100% on buyers of Russian oil and gas, a move that could strain US-India trade relations
  • The EU is also looking to strengthen restrictions on Russia with its 22nd sanctions package

  • Analysis

The Russia-Ukraine war could curtail imports of Russian crude oil into India, with tankers at the mercy of missiles in the Black Sea

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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