India will continue to buy Russian oil, government sources say
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 02 2025
0mins
Source: Reuters
India's Oil Purchases from Russia: Despite U.S. President Trump's threats of penalties, India plans to continue its long-term oil contracts with Russia, as officials confirm there has been no change in government policy regarding these imports.
Impact of Sanctions on Indian Refiners: Indian state refiners have recently reduced purchases of Russian oil due to shrinking discounts and EU sanctions affecting companies like Nayara Energy, which is majority-owned by Russian entities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
