Indian companies have not abandoned the purchase of Russian oil

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10:07; 08 August 2025 year
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India continues to buy oil from Russia, despite US sanctions. This was reported by TASS with reference to a source in the Indian oil industry.

lt;p>gt;- Oil companies are still buying Russian oil. Perhaps the volumes could have decreased, but the purchases did not stop," the source confirmed. - All companies support a commercially advantageous deal, we continue to buy Russian oil or any other that is cheaper.

At the same time, he noted that a decrease in procurement volumes is a natural process in the spot oil market, as the volume of purchases from different suppliers varies from month to month, due to price fluctuations, seasonal demand, supply conditions, logistics, and oil quality.

"But the Indian government has made it clear that there is no cessation of Russian oil supplies. Russian oil is not under sanctions," said a representative of the Indian oil industry.

Earlier, the United States imposed additional duties of 25% on India due to purchases of Russian oil. The tariff for goods shipped from India to the United States will now be 50%.

It was also previously reported that several state-owned oil refineries in India https://business-magazine.online/fn_1702913.html"> the purchase of Russian oil has been stopped.