Watch: India’s Russian oil imports hit 48% as U.S. readies 100% tariffs

AI Summary

India's crude oil imports from Russia surged to a record 48% in June 2026, despite the U.S. threatening 100% tariffs on countries importing Russian oil and gas. The UAE also significantly increased its share, together accounting for nearly two-thirds of India's oil imports.

Russia’s share of India’s crude oil imports hit an all-time high of 48% in June 2026, even as the United States moves closer to imposing tariffs of up to 100% on countries buying Russian oil and gas. India imported 8.7 million metric tonnes of Russian crude in June, while overall crude imports fell sharply. The UAE also recorded a historic 17.5% share, meaning Russia and the UAE together accounted for nearly two-thirds of India’s oil imports.