One of the largest buyers of oil from Russia says it can live without it

India is confident that it will be able to meet its oil needs even if supplies from Russia are reduced due to new sanctions. This was stated by India's Minister of Petroleum and Natural Gas Hardeep Singh Puri, writes Reuters.

The statement was made against the backdrop of the US President's threat Donald Trump impose sanctions against countries that buy Russian resources if Russia does not reach a peace agreement with Ukraine within 50 days.

"I'm not worried at all. If something happens, we will handle it."puri said.

According to him, India has long been working to diversify its sources of supply and today buys oil from about 40 countries, while previously it imported from only 27.

He also emphasized that new suppliers, including Guyana, are entering the market, as well as increasing imports from traditional partners such as Brazil and Canada. In addition, the country is stepping up domestic oil exploration and production.

In the first half of 2025, oil supplies from Russia to India increased slightly. At the same time, almost half of the imports were provided by private oil refiners, such as Reliance Industries and Nayara Energy.

According to official data, Russia remains the largest supplier of oil to India, accounting for approximately 35% of total imports. This is followed by Iraq, Saudi Arabia, and the United Arab Emirates.

If Russian supplies are cut off, the state-owned Indian Oil Corporation will return to the scheme that was in place before the war in Ukraine, when Russia's share of India's oil imports was less than 2%, said the company's chairman, A.S. Sahni.

• On May 28, it was reported that the tankers that the US had imposed sanctions on, participate in the supply of Russian oil to India, which calls into question the country's position on such supplies.