NextFin news, On Saturday, October 4, 2025, Jamieson Greer, a US trade representative and former aide to President Donald Trump, claimed that India is starting to diversify its oil imports away from Russia amid the imposition of a 50% tariff by the United States on Russian oil.
Greer made these remarks during a business forum in New Delhi, highlighting that while India has been a significant buyer of Russian crude, recent economic pressures and tariffs have prompted New Delhi to explore alternative sources. He emphasized that India, as a sovereign nation, controls its own energy and trade decisions.
The US imposed a 50% tariff on Russian oil imports earlier this year as part of broader sanctions related to geopolitical tensions. Half of this tariff is reportedly being absorbed by Indian refiners, affecting the cost dynamics of Russian crude in the Indian market.
India has historically relied on Russian oil due to competitive pricing and supply reliability. However, the new tariffs have increased the cost of Russian oil, encouraging Indian companies to seek diversification to mitigate risks associated with overdependence on a single supplier.
Trade analysts note that India’s move to diversify is also influenced by global market shifts and the desire to maintain stable energy supplies amid fluctuating geopolitical landscapes. Despite the tariffs, India continues to import Russian oil but at reduced volumes compared to previous years.
Greer’s comments come amid ongoing discussions between the US and India on trade and energy cooperation, with the US encouraging India to reduce its reliance on Russian energy sources as part of broader strategic objectives.
India’s government has not officially confirmed any immediate policy changes regarding Russian oil imports but acknowledges the importance of balancing energy security with international trade relations.
In summary, on Saturday, October 4, 2025, US trade representative Jamieson Greer stated that India is beginning to diversify its oil imports away from Russia in response to US-imposed tariffs, while India retains sovereign control over its energy procurement decisions amid evolving global trade dynamics.
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