Economy
India Maintains Russian Crude Imports Despite US Sanctions Threat

India Maintains Russian Crude Imports Despite US Sanctions Threat

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THE BRIEF
1

India is unlikely to reduce its Russian crude oil purchases in the near term, despite the US Senate passing a sanctions bill targeting nations trading with Russia.

2

Analysts warn that the bill, which passed with 86 votes, could increase costs for Indian refiners if secondary sanctions are enforced after September 2026.

3

India currently relies on Russia for a significant portion of its energy needs, and officials are evaluating the legal risks posed by the new US legislation.