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Govt asks refiners for Russian oil import data
Financial Express Mumbai
|January 03, 2026
INDIA IS ASKING refiners for weekly disclosures of Russian and US oil purchases, sources told Reuters, adding that they expect Russian crude imports to dip below one million barrels per day as New Delhi seeks to clinch a trade deal with Washington.
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India became the biggest buyer of discounted Russian seaborne crude following the 2022 outbreak of the Ukraine war. But those purchases have fuelled a backlash from Western nations, which have targeted Russia's energy sector with sanctions, arguing that oil revenues help fund Moscow's war effort.
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