India’s imports of Russian crude oil are expected to climb to approximately 1.8 million barrels per day in May, reaching their highest level in ten months, according to a report by Reuters citing ship-tracking data from Kpler. The resurgence underscores New Delhi’s ongoing energy partnership with Moscow, despite increasing Western sanctions aimed at curbing Russian oil exports.
The sharp rise in imports has been attributed to Indian refiners snapping up larger volumes of lighter Russian grades, particularly the ESPO Blend, which is transported via the Eastern Siberian-Pacific Ocean pipeline. Demand for these light grades is projected to remain strong through July, with more than ten cargoes already booked for June loading.
India’s energy strategy reflects a pragmatic approach: balancing geopolitical pressures with the economic imperative of affordable energy. While earlier in 2025 Russian oil imports had seen a slight dip, the downward trend reversed in March as discounted prices made Russian crude more attractive to Indian buyers. The recent surge has been further facilitated by the availability of non-sanctioned tankers, which have eased logistical challenges following the latest wave of Western sanctions targeting Russia’s so-called “shadow fleet” of vessels and financial intermediaries.
Despite criticism from Western capitals, New Delhi has remained firm in its position. Following sanctions imposed in February, Indian officials reiterated that Russian oil purchases would continue, provided the deals met certain conditions: a price below the $60-per-barrel cap, use of ships not under sanctions, and exclusion of any blacklisted financial or corporate entities from transactions.
This careful navigation has paid off. In March, Russian crude made up over 35% of India’s total oil imports, and May’s expected volumes will further cement Moscow’s role as a key supplier to Asia’s third-largest economy. As global energy markets remain volatile due to the ongoing conflict in Ukraine and shifting trade dynamics, India’s assertive procurement strategy demonstrates its intent to prioritize energy security and economic stability—even if it means diverging from the preferences of its Western allies.
