India's Russian Oil Hits 48% as US Plans 100% Tariff
Get the Geopolitics newsletter
Daily geopolitics — wars, elections, sanctions, the diplomatic moves that move markets. Free.
- Russia's share of India's crude oil imports hit an all-time high of 48% in June 2026, with India importing 8.7 million metric tonnes of Russian crude that month
- The United States is moving closer to imposing tariffs of up to 100% on countries that purchase Russian oil and gas, directly targeting India's growing dependence
- India's overall crude imports fell sharply in June even as Russian volumes surged to record levels, suggesting demand contraction or price-driven shifts
- The UAE recorded a historic 17.5% share of India's oil imports in the same period, meaning Russia and the UAE together now supply nearly two-thirds of India's crude needs
Why it matters: India now faces a direct policy collision: Russian crude hit a record 48% of imports (8.7 million metric tonnes in June) while Washington is moving toward 100% tariffs on Russian-oil buyers. With overall imports falling sharply and Russia-UAE together supplying two-thirds of India's crude, Delhi must navigate cheap Russian supply against potential secondary tariff exposure from its largest strategic partner.
Ask SkimNews
