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India can afford to wean off Russian oil
Mint Mumbai
|August 13, 2025
Crude dilemma
India is caught between a rock and a hard place, navigating fresh US tariffs of up to 50% while maintaining long-standing ties with Russia. At the heart of the dilemma: India's oil purchases from Moscow.
With the higher tariff posing a disadvantage, many experts suggest New Delhi could gradually pivot away from Russian oil. Such a shift would come at limited macroeconomic cost, though refiners could face reduced diesel yields, tighter margins, and higher procurement expenses.
Dit verhaal komt uit de August 13, 2025-editie van Mint Mumbai.
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