US President Donald Trump recently declared that Indian Prime Minister Narendra Modi assured him India would stop buying oil from Russia. This statement shook the energy markets and diplomatic circles alike, highlighting the mounting pressure Washington is applying on New Delhi to cut ties with Moscow over crude imports. But while Trump’s comment made headlines, the real picture of India’s energy imports shows a much more nuanced reality.

India continues to rely heavily on Russian crude, which accounted for about 34% of its total oil imports in September 2025, according to market data. Despite some reduction from state-run refiners who have cut Russian oil purchases by nearly 45%, private firms like Reliance Industries and Nayara Energy have increased their intake, balancing the overall volumes. The discount offered on Russian oil remains a strong financial incentive for India, helping keep energy costs manageable for its growing economy.

The ongoing US tariffs—reaching up to 50% on some Indian exports—are a significant diplomatic lever used to compel India to pivot away from Russia. However, Indian officials emphasize that energy security and market dynamics govern their crude purchase decisions more than external pressure. India’s energy strategy is a delicate balance of maintaining affordability, securing supply amid global volatility, and gradually diversifying sources by increasing Middle Eastern and US crude shipments.

Energy experts argue that India’s pragmatic approach reflects its national priorities and geopolitical realities. While the US expects swift alignment in its sanctions regime, India must safeguard its domestic industrial and economic interests. This synthesis explains why India’s imports from Russia have only modestly declined, despite vocally acknowledging the need to reduce dependency in the long term.

Ultimately, Trump’s remark appears to have a symbolic political purpose rather than reflecting an immediate policy shift. India’s import patterns reveal a slow, measured adjustment in response to international pressures rather than an abrupt cutoff. The interplay of economics, diplomacy, and national interest will continue to define India’s stance on Russian oil well into the future.