The Hindu·4 min read·medium
Russia’s share in India’s oil imports jump to all-time high of 48% despite 100% tariffs threat from U.S.
T
T.C.A. Sharad Raghavan
✦AI Summary
India's crude oil imports from Russia reached a record 48% in June 2026, despite potential U.S. legislation that could impose 100% tariffs on such purchases. While India's overall oil import volume decreased, its reliance on Russian energy continues to grow.
At a time when the U.S. looks all set to enact legislation to impose a tariff of up to 100% on India for its Russian oil imports, an analysis of the latest data shows Russia’s share in India’s oil imports rose to an all-time-high of 48% in June 2026.
politicsbusinesseconomyworld
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