Indian Government Tells Refineries To Prepare For A Complete Ban On Russian Oil

Did Trump's threats work?

The Indian government has instructed state-owned refineries to prepare contingency plans in case oil from Russia becomes completely unavailable, Bloomberg reported, citing industry sources.

According to the agency's sources, top refinery managers have been instructed to develop preliminary calculations of where and how they could buy oil to replace Russian barrels.

The government of India, which relies on Russia for one-third of its oil supply, has ordered the refineries to pay a duty of 100 percent of the country's oil exports to Russia. Russia must end its war in Ukraine by that deadline, or countries that buy energy from the Kremlin will receive duties of 100 percent, Trump himself had threatened earlier.

On Thursday, Trump said on the social media network TruthSocial that he was "absolutely not interested" in Russia-India relations. "Let their dying economies collapse together, I don't care," Trump wrote. - We have very little business with India, their duties are too high, some of the highest in the world."

India's state-owned refineries have already suspended purchases of Russian crude, Reuters sources said earlier: barrels from Russia have been rejected, including by Indian Oil Corp, the country's largest oil company, which operates 10 of India's 20 refineries with a combined capacity of 60 million tons a year.

In addition, Hindustan Petroleum, Bharat Petroleum and Mangalore Refinery Petrochemical have suspended imports, the sources said. Indian refineries, according to Reuters' interlocutors, are seeking replacements for Russian barrels on the spot market and have started buying oil from Middle Eastern OPEC countries and West Africa.

Russian oil supplies to India have increased more than 30-fold since the war began, thanks in part to discounts that initially reached $14 to $16 a barrel before falling to $2.5 to $4 in recent months. In the first half of 2025, Indian refineries bought 1.75 million barrels a day from Russia, supplying more than a third of their import needs with Russian crude.

In June, supplies reached 2 million barrels a day, or more than half of all the oil that tankers take out of Russian seaports. CREA estimates that since the EU oil embargo was imposed, India has paid Russia 100 billion euros for supplies of "black gold," second only to China, which has imported 125 billion euros worth of crude.

You can support the website Charter97.org

MULTI-CURRENCY ACCOUNT FOR ASSISTANCE:

Bank's name: Bank Millennium S.A.
Address: ul. Stanislawa Zaryna, 2A, 02-593, Warszawa
IBAN: PL97116022020000000216711123
SWIFT: BIGBPLPW
Name of the account holder: Fundacja “KARTA ‘97”
Purpose/title of payment: Donation for statuary aims

You can contact us by the e-mail charter97@gmail.com