India signals continued reliance on Russian crude oil, defying potential 100% US tariffs authorized under the new 2026 sanctions legislation targeting Russia and Iran.
India's continued reliance on Russian crude despite US tariff threats supports Russian oil export volumes but does not materially change global supply/demand balances.
India is expected to continue its reliance on Russian crude oil imports despite the enactment of the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026. While the new US law authorizes tariffs of up to 100% on countries trading with sanctioned entities, analysts suggest India's energy security needs will outweigh the threat of trade penalties.
It is a US law that authorizes expanded sanctions and trade tariffs of up to 100% on countries that continue to engage in trade with Russia and Iran.