India Russian Oil Hits Record 48% as US Readies 100% Tariff
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- Russia captured an all-time-high 48% share of India's crude oil imports in June 2026, with India importing 8.7 million metric tonnes of Russian crude that month
- United States is moving closer to imposing tariffs of up to 100% on countries that buy Russian oil and gas, directly targeting India's surging Russian energy purchases
- India's overall crude oil imports fell sharply in June even as Russian volumes climbed to record levels, suggesting displacement of other suppliers rather than expanded total demand
- UAE recorded a historic 17.5% share of India's oil imports, meaning Russia and the UAE together supplied nearly two-thirds of India's crude in a single month
Why it matters: India now sources nearly two-thirds of its crude from just two countries (Russia and the UAE), creating concentrated supplier exposure. The US tariff threat lands directly on the larger of those two streams — and with Russian crude at a record 48% share, India would absorb the full force of any 100% tariff on Russian oil buyers.
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