based on materials from the site -
By Cryptopolitan_News

Russia does not intend to stop oil supplies to India anytime soon. On Wednesday, a senior representative of the Russian embassy in New Delhi confirmed that oil exports to India will continue as usual.

President Vladimir Putin also plans to visit Prime Minister Narendra Modi in New Delhi by the end of the year. The exact date has not yet been set, but the meeting is expected to take place this year.

Roman Babushkin, the acting Chargé d'Affaires of Russia in India, told reporters that Moscow has a 'completely special mechanism' to ensure uninterrupted crude oil supplies to India.

'Imports of crude oil to India from Russia will remain at the previous level,' he stated at a press conference. Despite the Western sanctions imposed after the war in Ukraine, Russia is not backing away from this deal.

India's largest state-owned oil refineries—Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Limited (BPCL)—have resumed purchases of Russian oil for delivery in September and October.

According to two representatives of the companies familiar with the purchases, this decision was made after Russian discounts increased again, making the barrels profitable.

In July, India suspended purchases of Russian oil due to a narrowing price spread and strong political pressure. The U.S. government criticized New Delhi for continuing to buy oil from Moscow.

Since then, President Donald Trump has imposed a second package of 25% tariffs on Indian goods, which was set to take effect on August 27. Political tension combined with shrinking discounts forced India to take a pause.

However, as the price difference for Urals crude returned to $3 per barrel, refineries have re-engaged in the process. China filled the vacuum created during the supply break in India.

During this period, Chinese buyers acquired several batches of Russian oil. But now that India has returned to the market, China may have to share supplies again. Analysts report that Chinese refineries recently purchased 15 batches of Russian oil for delivery in October and November.

In addition to Urals crude, IOC is reportedly purchasing other grades of Russian oil, such as Varandey and Siberian Light. IOC, India's largest refinery, stated earlier this week to analysts that it will 'continue to buy Russian oil depending on the economic situation.' Indian companies typically do not publicly comment on their oil supply sources.

Meanwhile, the U.S. will impose an additional 25% tariff on Indian exports starting August 28, citing India's growing demand for Russian oil. Washington claims this move is aimed at curbing energy trade with Moscow. Notably, the U.S. has not taken similar action against China, although Beijing is purchasing as much, if not more, from Russia.

The European Union has also joined the pressure campaign. In July, the EU imposed sanctions against Nayara Energy, an Indian refinery supported by Russian companies. This move forced Nayara to cut production, and many traders have since reduced their business volumes with refineries.

Despite all this, Russia and India continue to move forward. Evgeny Griva, Deputy Trade Representative of Russia in India, stated that bilateral trade will still grow by 10% per year. This means that neither side is slowing down—oil will continue to be supplied regardless of tariffs.

While the official date for the meeting between Putin and Modi has not been set, the Kremlin has made it clear that the visit will take place by the end of the year. The trip will be a significant attempt to restore ties and solidify trade flows despite attempts by Western sanctions to cut them off.

Russia's strategy is to use direct government contracts and 'special mechanisms' that bypass dollar systems to maintain sales stability. India has found ways to continue paying, often settling in rupees, dirhams, or Chinese yuan, depending on the trade channel used.

This workaround has allowed both countries to smoothly maintain crude oil flows while avoiding the imposition of U.S. secondary sanctions... at least for now.


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