India will continue to buy Russian oil, government sources say

Congress activists burn an effigy of US President Donald Trump and Indian Prime Minister Narendra Modi in Kolkata on August 1, 2025, in protest against the Indo-US trade deal, after the former imposed 25 percent tariffs on Indian goods. (AFP)
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Updated 02 August 2025
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India will continue to buy Russian oil, government sources say

  • “These are long-term oil contracts,” one of the sources said. “It is not so simple to just stop buying overnight“
  • The New York Times on Saturday quoted two unnamed senior Indian officials as saying there had been no change in Indian government policy

NEW DELHI: India will keep purchasing oil from Russia despite US President Donald Trump’s threats of penalties, two Indian government sources said, not wishing to be identified due to the sensitivity of the matter.

“These are long-term oil contracts,” one of the sources said. “It is not so simple to just stop buying overnight.”

Trump last month indicated in a Truth Social post that India would face additional penalties for purchases of Russian arms and oil. On Friday, Trump told reporters that he had heard that India would no longer be buying oil from Russia.

The New York Times on Saturday quoted two unnamed senior Indian officials as saying there had been no change in Indian government policy, with one official saying the government had “not given any direction to oil companies” to cut back imports from Russia.

Reuters reported this week that Indian state refiners stopped buying Russian oil in the past week after discounts narrowed in July.

“On our energy sourcing requirements ... we look at what is there available in the markets, what is there on offer, and also what is the prevailing global situation or circumstances,” India’s foreign ministry spokesperson Randhir Jaiswal told reporters during a regular briefing on Friday.

Jaiswal added that India has a “steady and time-tested partnership” with Russia, and that New Delhi’s relations with various countries stand on their own merit and should not be seen from the prism of a third country.

The White House in Washington did not immediately respond to requests for comment.

Indian refiners are pulling back from Russian crude as discounts shrink to their lowest since 2022, when Western sanctions were first imposed on Moscow, due to lower Russian exports and steady demand, sources said earlier this week.

The country’s state refiners — Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp. and Mangalore Refinery Petrochemical Ltd. — have not sought Russian crude in the past week or so, four sources familiar with the refiners’ purchase plans told Reuters.

INDIA’S TOP SUPPLIER
On July 14, Trump threatened 100 percent tariffs on countries that buy Russian oil unless Moscow reaches a major peace deal with Ukraine. Russia is the top supplier to India, responsible for about 35 percent of India’s overall supplies.
Russia continued to be the top oil supplier to India during the first six months of 2025, accounting for about 35 percent of India’s overall supplies, followed by Iraq, Saudi Arabia and the United Arab Emirates.

India, the world’s third-largest oil importer and consumer, received about 1.75 million barrels per day of Russian oil in January-June this year, up 1 percent from a year ago, according to data provided to Reuters by sources.

Nayara Energy, a major buyer of Russian oil, was recently sanctioned by the European Union as the refinery is majority-owned by Russian entities, including oil major Rosneft .

Last month, Reuters reported that Nayara’s chief executive had resigned after the imposition of EU sanctions and company veteran Sergey Denisov had been appointed as CEO.

Three vessels laden with oil products from Nayara Energy have yet to discharge their cargoes, hindered by the new EU sanctions on the Russia-backed refiner, Reuters reported late last month.


Rubio defends US ouster of Venezuela’s Maduro to Caribbean leaders unsettled by Trump policies

Updated 26 February 2026
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Rubio defends US ouster of Venezuela’s Maduro to Caribbean leaders unsettled by Trump policies

BASSETERRE, St. Kitts and Nevis: US Secretary of State Marco Rubio on Wednesday defended the Trump administration’s military operation to capture Venezuela’s Nicolás Maduro, telling Caribbean leaders, many of whom objected to that move, that the country and the region were better off as a result.
Speaking to leaders from the 15-member Caribbean Community bloc at a summit in the country of St. Kitts and Nevis, Rubio brushed aside concerns about the legality of Maduro’s capture last month that have been raised among Venezuela’s island-state neighbors and others.
“Irrespective of how some of you may have individually felt about our operations and our policy toward Venezuela, I will tell you this, and I will tell you this without any apology or without any apprehension: Venezuela is better off today than it was eight weeks ago,” Rubio told the leaders in a closed-door meeting, according to a transcript of his remarks later distributed by the US State Department.
Rubio said that since Maduro’s ouster and the effective takeover of Venezuela’s oil sector by the United States, the interim authorities in the South American country have made “substantial” progress in improving conditions by doing “things that eight or nine weeks ago would have been unimaginable.”
The Caribbean leaders have gathered to debate pressing issues in a region that President Donald Trump has targeted for a 21st-century incarnation of the Monroe Doctrine meant to ensure Washington’s dominance in the Western Hemisphere. The Republican administration has declared a focus closer to home even as Washington increasingly has been preoccupied by the possibility of a US military attack on Iran.
Rubio downplays antagonism in US regional push
In his remarks to the group, America’s top diplomat tried to play down any antagonistic intent in what Trump has referred to as the “Donroe Doctrine.” Rubio said the administration wants to strengthen ties with the region in the wake of the Venezuela operation and ensure that issues such as crime and economic opportunities are jointly addressed.
“I am very happy to be in an administration that’s giving priority to the Western Hemisphere after largely being ignored for a very long time,” Rubio said. “We share common opportunities, and we share some common challenges. And that’s what we hope to confront.”
He said transnational criminal organizations pose the biggest threat to the Caribbean while recognizing that many are buying weapons from the United States, a problem he said authorities are tackling.
Rubio also said the US and the Caribbean can work together on economic advancement and energy issues, especially because many leaders at the four-day summit have energy resources they seek to explore. “We want to be your partner in that regard,” he said.
Rubio said the US recognizes the need for fair, democratic elections in Venezuela, which lies just miles away from Trinidad and Tobago at the closest point.
“We do believe that a prosperous, free Venezuela who’s governed by a legitimate government who has the interests of their people in mind could also be an extraordinary partner and asset to many of the countries represented here today in terms of energy needs and the like, and also one less source of instability in the region,” he said.
Rubio added: “We view our security, our prosperity, our stability to be intricately tied to yours.”
Trump plays up Maduro’s ouster
Trump, in his State of the Union address Tuesday night, called the operation that spirited Maduro out of Venezuela to face drug trafficking charges in New York “an absolutely colossal victory for the security of the United States.”
The US had built up the largest military presence in the Caribbean Sea in generations before the Jan. 3 raid. That has now been exceeded by the surge of American warships and aircraft to the Middle East as the administration pressures Iran to make a deal over its nuclear program.
In the Caribbean, Trump has stepped up aggressive tactics to combat alleged drug smuggling with a series of strikes on boats that have killed over 150 people and he has tightened pressure on Cuba. Regional leaders have complained about administration demands for nations to accept third-country deportees from the US and to chill relations with China.
One regional leader who has backed the US escalation is Trinidad and Tobago Prime Min­is­ter Kam­la Persad-Bisses­sar, whom Rubio thanked for her “public support for US military operations in the South Caribbean Sea,” the State Department said.
Persad-Bissessar told reporters that her conversation with Rubio focused on “Haiti; we talked about Cuba of course; we talked about engagements with Venezuela and the way forward.”
She was asked if she considered the latest US military strikes in Caribbean waters as extrajudicial killings: “I don’t think they are, and if they are, we will find out, but our legal advice is they are not.”
Rubio had other one-on-one meetings with heads of government, including from St. Kitts and Nevis, Haiti, Jamaica and Guyana.
Caribbean leaders point to shifting global order
Trump said during the State of the Union that his administration is “restoring American security and dominance in the Western Hemisphere, acting to secure our national interests and defend our country from violence, drugs, terrorism and foreign interference.”
Terrance Drew, prime minister of St. Kitts and Nevis and chair of the Caribbean Community bloc, said the region “stands at a decisive hour” and that “the global order is shifting.”
Drew and other leaders said Cuba’s humanitarian situation must be addressed.
“It must be clear that a prolonged crisis in Cuba will not remain confined to Cuba,” Jamaican Prime Minister Andrew Holness warned. “It will affect migration, security and economic stability across the Caribbean basin.”
The US Treasury Department on Wednesday slightly eased restrictions on the sale of Venezuelan oil to Cuba, which instituted austere fuel-saving measures in the weeks after the US raid in Venezuela.
That move came hours before Cuba’s government announced that its soldiers killed four people aboard a speedboat registered in Florida that had opened fire on officers in Cuban waters.