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Indian Refiners Increase Russian Crude Purchases Despite Tariffs


India’s refiners are expected to import more Russian crude oil in September compared to this month’s levels as discounts are deepening amid Russia’s constrained refining capacity due to Ukrainian drone strikes, traders told Reuters on Thursday.

A few weeks ago, the biggest Indian state-owned refiners, including IndianOil and BPCL, pulled out of spot purchases of Russian crude for cargoes loading in October, after the U.S. announced an additional 25% tariff on India over its imports of crude from Russia.

The overall 50% tariff on Indian goods took effect on August 27.

Despite the hiked tariff, due to India’s continued purchases of Russian oil, Indian refiners are set to raise their imports by between 150,000 barrels per day (bpd) and 300,000 bpd in September, or up by 10-20% compared to August volumes, anonymous trade sources involved in the deals told Reuters.

Russia’s crude volumes for exports have jumped in recent weeks, as Ukrainian drone strikes on Russian refineries have crippled Russia’s processing capacity.

As a result, Russian sellers need India to ship more crude abroad and are again offering deeper discounts.

With difficult U.S.-India trade talks, the Trump Administration has singled out India to punish as a buyer of Russian crude.

Russia and India, however, have talked up their strategic partnership with high-level meetings and visits since the U.S. tariff threat, and have reiterated their strategic alliance and cooperation in the energy sector—a sign that India isn’t giving up on Russia’s cheap crude.

Due to stronger demand in India in September and October, crude arrivals will likely increase in the next two months, driven by higher inflows of Russian crude, said Ivan Mathews, Head of APAC Analysis at energy flow analytics firm Vortexa.

“We expect refineries in India to continue processing Russian oil, as their feedstock procurement decisions are mainly economics-driven,” Mathews wrote on Tuesday.

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Originally posted by 6ixStringJack:
I'm sure the pumps in Russia are running dry when they've got a surplus and they're looking to sell to other countries.

You are an idiot.


Fuck Ukraine. Nobody cares.

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"I don't find this stuff amusing anymore." ~Paul Simon

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European nations purchased $25.5 billion worth of Russian oil and natural gas last year, helping finance Russian President Vladimir Putin’s invasion of Ukraine even as European leaders condemn the war and impose sanctions.

In fact, European leaders collectively spent more money on importing Russian oil last year than they did on financial aid for Ukraine, which totals roughly $21.7 billion, according to data from the Center for Research Energy and Clean Air.

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Originally posted by 6ixStringJack:
I'm sure the pumps in Russia are running dry when they've got a surplus and they're looking to sell to other countries.

You are an idiot.


Fuck Ukraine. Nobody cares.

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Originally posted by THG:

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Originally posted by 6ixStringJack:
I'm sure the pumps in Russia are running dry when they've got a surplus and they're looking to sell to other countries.

You are an idiot.


Fuck Ukraine. Nobody cares.

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Russia gripped by gas shortages after Ukraine strikes

https://www.msn.com/en-us/news/world/russia-gripped-by-gas-shortages-a
fter-ukraine-strikes/ar-AA1LkjTZ?ocid=BingNewsSerp

Russia is currently experiencing significant food shortages, especially of potatoes, with record price spikes and disrupted supplies in 2025.

Staple Shortages
The most acute shortage is of potatoes, a staple food. Harvests fell by around 12% in 2024 due to adverse weather and climate events, leading to a supply gap of about 700,000 tons.

Retail potato prices have surged by over 90% in the past year, making them the fastest-rising food item in Russia and setting a new record for price increases since 2002.

Authorities have reported that the market is also under strain for bread, vegetables, and meat, with meat supplies pressured by declining cattle numbers and dependency on imports, especially beef.

Causes of the Shortages
Poor harvests from droughts and unseasonal frosts have slashed output, particularly in key growing regions like Bryansk and Nizhny Novgorod.

Economic sanctions and a narrow set of trading partners have limited Russia’s ability to import critical seeds and foodstuffs, while high inflation has further complicated supply chains.

Following Russia’s restrictions on seed imports from EU countries, local production struggled to meet demand.

Russia’s economy is also suffering from broader inflation and recessionary pressures, causing price hikes for a wider range of food items.

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Nope, their fucked.

T