Indian officials have said they would keep purchasing oil from Russia despite the threat of penalties that United States President Donald Trump said he would impose, the New York Times reported on Saturday.

Reuters could not immediately verify the report.

The White House, India’s Ministry of External Affairs and the Ministry of Petroleum and Natural Gas did not immediately respond to requests for comment.

Trump on Wednesday imposed a 25 per cent tariff on goods imported from India starting August 1 along with additional penalties, potentially straining relations with the world’s most populous democracy.

Trump indicated in a Truth Social post that India would face additional penalties for the purchase of Russian arms and oil. However, he later said that he did not care what India does with Russia.

On Friday, Trump told reporters that he had heard that India would no longer be buying oil from Russia.

Two senior Indian officials said there had been no change in policy, according to the NYT report, which added that one official said the government had “not given any direction to oil companies” to cut back imports from Russia.

Reuters had earlier reported that Indian state refiners stopped buying Russian oil in the past week as discounts narrowed in July.

On July 14, Trump threatened 100pc 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 35pc of India’s overall supplies.

On Monday, Trump said most partners that do not negotiate separate trade deals would soon face tariffs of 15-20pc on their exports to the US, well above the broad 10pc tariff he imposed in April. His administration will notify some 200 countries soon of their new “world tariff” rate.

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

A long week

A long week

There’s some wariness about the excitement surrounding this moment of international glory.

Editorial

Unlearnt lessons
Updated 28 Apr, 2026

Unlearnt lessons

THE US is undoubtedly the world’s top military and economic power at this time. Yet as the Iran quagmire has ...
Solar vision?
28 Apr, 2026

Solar vision?

THE recent imposition of certain regulatory requirements for small-scale solar systems, followed by the reversal of...
Breaking malaria’s grip
28 Apr, 2026

Breaking malaria’s grip

FOR the first time in decades, defeating malaria in our lifetime is possible, according to WHO. Yet in Pakistan,...
Pathways to peace
Updated 27 Apr, 2026

Pathways to peace

NEGOTIATIONS to hammer out the 2015 Iran nuclear agreement took nearly two years before a breakthrough was achieved....
Food-insecure nation
27 Apr, 2026

Food-insecure nation

A NEW UN-backed report has listed Pakistan among 10 countries where acute food insecurity is most concentrated. This...
Migration toll
27 Apr, 2026

Migration toll

THE world should not be deceived by a global migration count lower than the highest annual statistics on record —...