Russia Oil’s Unexpected Staying Power in India Extends Into 2026

For much of last year, discounted Russian oil made up the lion’s share of Indian purchases, a financial lifeline for Moscow that also shaved billions off New Delhi’s import bill....

By Rakesh Sharma, Yongchang Chin · Bloomberg Markets

For much of last year, discounted Russian oil made up the lion’s share of Indian purchases, a financial lifeline for Moscow that also shaved billions off New Delhi’s import bill. Then came US threats, tariffs, sanctions — and months of disruption.