India is gradually reducing its dependence on Russian crude amid global geopolitical pressures, but a complete halt remains unlikely due to discounted pricing, refinery compatibility, contractual commitments, and structural reliance of certain facilities. While increasing imports from the US and exploring options like Venezuela support diversification and reduce sanctions risk, higher logistics costs and limited alternative capacity pose challenges. India’s current strategy focuses on market-driven diversification, maintaining strategic autonomy, and strengthening long-term energy security through a broader supplier base and accelerated clean energy transition.
Click to View MoreThe February 2026 trade deal between India and the United States cut tariffs to boost textiles and pharmaceuticals, benefiting hubs like Tiruppur. In return, India pledged reduced Russia energy imports, raising concerns over strategic autonomy and persistent steel tariff barriers.
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