India cuts back on Russian oil imports
Business
India's imports of Russian crude oil have dropped to their lowest point since late 2022 — about just over 1.0 million barrels per day in February 2026.
That's a sharp fall from earlier peak levels.
Saudi Arabia tops list of oil suppliers to India
With Russia fading, Saudi Arabia has jumped in as India's top oil supplier, and in February 2026 Saudi Arabia increased deliveries.
Iraq also increased its exports to India. OPEC/Middle Eastern suppliers now account for a larger share of India's imports.
China overtakes India as Russia's biggest buyer of seaborne crude
A mix of recent Western sanctions and pressure from recent trade deals have made Russian oil harder for Indian refiners to buy.
Some refineries have cut back purchases of Russian crude.
Meanwhile, China has overtaken India as Russia's biggest buyer of seaborne crude.