India is assured of assembly its oil wants from various sources if Russian provides are hit by secondary sanctions, Oil Minister Hardeep Singh Puri mentioned on Thursday (July 17, 2025).
Earlier this week, U.S. President Donald Trump warned that international locations buying Russian exports might face sanctions if Moscow fails to succeed in a peace settlement with Ukraine inside 50 days.
India ought to have the ability to take care of any issues with Russian imports by in search of provides from different international locations, Mr. Puri mentioned. He famous there are many new suppliers coming into the market, similar to Guyana, and there may be provide from current producers similar to Brazil and Canada.
Additionally, India is growing exploration and manufacturing actions.
“I’m not worried at all. If something happens, we’ll deal with it,” Mr. Puri mentioned at an business occasion in New Delhi.
Diversified sources of provide
“India has diversified the sources of supply and we have gone, I think, from about 27 countries that we used to buy from to about 40 countries now,” he mentioned.
India’s oil imports from Russia rose marginally within the first half of this yr, with non-public refiners Reliance Industries and Nayara Energy making about half of the general purchases from Moscow.
Russia continued to be the highest provider to India, accounting for about 35% of India’s total provides, adopted by Iraq, Saudi Arabia, and United Arab Emirates, the information confirmed.
In case Russian provides are hit, Indian Oil Corp will “go back to the same template (of supplies) as was used pre-Ukraine crisis when Russian supplies to India were below 2%,” firm Chairman A.S. Sahney advised reporters on the occasion.
