New Delhi continues importing Russian oil

Published
1
Oil platforms and pumpjacks at Lake Maracaibo, in Cabimas, Venezuela, January 26. — Reuters/File
Oil platforms and pumpjacks at Lake Maracaibo, in Cabimas, Venezuela, January 26. — Reuters/File

NEW DELHI: An Indian government source said on Saturday that New Delhi was pushing ahead with imports of Russian oil, after a temporary US waiver to import crude from Moscow due to war in the Middle East.

But India insists it did not need Washington’s permission to do so, the source added.

The illegal US-Israel war against Iran and Tehran’s retaliation have upended the world’s energy and transport sectors, causing a surge in global oil prices.

Washington temporarily eased economic sanctions against Russia on Thursday to allow Russian oil stranded at sea to be sold to India.

But India is not dependent on “a short-term waiver” for such purchases, the government source in New Delhi said.

“India has never depended on permission from any country to buy Russian oil,” they added. “India is still importing Russian oil even in February 2026, and Russia is still India’s largest crude oil supplier.”

Washington rolled back a 25 per cent duty on Indian exports in February as part of an interim trade deal after what it described as New Delhi’s “commitment” to stop buying Russian oil.

Published in Dawn, March 8th, 2026

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

Opinion

Editorial

Parliament’s place
Updated 11 Oct, 2026

Parliament’s place

In 2015, the parliament had decided to “maintain neutrality in the Yemen conflict so as to be able to play a proactive diplomatic role to end the crisis”.
Disturbing the peace
11 Oct, 2026

Disturbing the peace

THIS year’s Nobel Peace Prize is well-earned. The winner, South African jurist Dr Navi Pillay, has had an...
A voice in care
10 Oct, 2026

A voice in care

WORLD Mental Health Day this year carries a compelling message. The theme, ‘Lived experiences heard: real voices,...
Midterm break
Updated 10 Oct, 2026

Midterm break

Both the US and Israel need to halt their destructive misadventures in the Middle East.
American barbarism
Updated 10 Oct, 2026

American barbarism

WITH the spectre of defeat in the upcoming midterm elections looming large over the Trump administration, the...