India Can Ride Out Disruption After Russian Oil Waiver Lapses
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Article Excerpt
India can ride out disruption after Russian oil waiver lapses, but its economic recovery could be delayed, according to a top Indian government official.
The country faces significant challenges as it looks to reduce reliance on Russian oil amid Western sanctions. India has been one of the largest importers of Russian crude and refined petroleum products, with imports accounting for around 10% of its total crude needs before the Ukraine conflict.
India’s Petroleum Minister Hardeep Singh Puri told a news conference that the country can handle the disruption as it diversifies its sources of su…
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May 18, 2026