🌟Behind India’s massive Russian oil imports: Asia’s richest man🌟

India’s oil imports from Russia have soared, with Reliance Industries, led by Mukesh Ambani, driving this surge. Reliance's Russian crude imports have jumped from 3% in 2021 to 50% in 2025, raising global concerns. 🌍💰

🔥 US Tariffs on India 💥

US President Trump imposed a 25% tariff on India’s imports from Russia, accusing it of fueling Russia’s war in Ukraine. He pointed out that India and China are major buyers of Russian energy amid global calls for Russia to end the war. 😡

🏭 Reliance’s Role 🛢️

Reliance's Jamnagar refinery has imported 64% more Russian crude in 2025, making up 50% of its total imports. The surge follows a price cap on Russian oil aimed at limiting Russian revenue while ensuring global oil supply. 🌍🔒

💸 Exports to Sanctioning Countries 🌍

From February 2023, Reliance exported $85.9bn in refined products. Notably, 42% went to countries that sanction Russia, including the US and EU. 🇺🇸🇪🇺

🤔 India’s Strategic Stance 🌍

Despite tariffs, India continues buying cheap Russian oil, balancing its current account deficit and maintaining strategic independence. Ajay Srivastava, a trade expert, calls the tariffs “a sham,” noting that China faces no such penalties. 🔥

⚖️ Impact of EU Sanctions 💥

The EU plans to ban Russian-refined products in 2026, which could hurt Reliance’s jet fuel exports. Reliance’s 10-year contract with Rosneft adds uncertainty. 🔄

In Summary: India’s Russian oil trade, led by Reliance, is about more than cheap fuel—it’s part of India’s strategic independence and market balance. The trade remains a geopolitical flashpoint amid rising tariffs. ⚡🌏

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