India will increase Russian oil imports by 10–20 percent in September as Moscow offers steeper discounts after refinery outages caused by Ukrainian drone attacks, traders said.
The US has condemned India’s purchases, with President Donald Trump raising tariffs on Indian imports to 50 percent this week. New Delhi rejected the criticism, pointing to continued Western trade with Russia.
India currently buys about 1.5m barrels per day of Russian crude, meeting 40 percent of its oil needs and making it Russia’s largest customer, Reuters reported.
