India has signaled its readiness to manage without Russian oil imports if faced with prohibitive sanctions from a potential future U.S. administration. The statement from the country’s top energy official underscores New Delhi’s pragmatic approach to securing its energy needs amidst shifting geopolitical landscapes.
Speaking at an industry event in New York, Indian Minister of Petroleum and Natural Gas, Hardeep Singh Puri, addressed the hypothetical threat of Donald Trump imposing a 100% tariff on countries purchasing Russian oil. Responding to the scenario, Puri expressed confidence, stating, “I am not at all worried… if something happens, we will handle it,” signaling that India would adapt to such a policy shift.
This declaration comes even as Russia constitutes a major portion of India’s current crude supply, accounting for approximately 35% of its total oil imports. However, Minister Puri emphasized that India has a diversified portfolio of around 40 suppliers and could increase purchases from other nations to compensate for any potential shortfall. He specifically cited emerging producers like Guyana and Brazil, as well as Canada, as viable alternative sources.
Beyond Russia, India’s key oil suppliers include Iraq, Saudi Arabia, the United Arab Emirates, and the United States. This existing network of suppliers provides a foundation for the resilience Minister Puri alluded to, allowing New Delhi to navigate potential disruptions in the global energy market and maintain its strategic autonomy.