Russia’s share in India’s oil imports jumps to all-time high of 48%, even as U.S. readies 100% tariffs
India's oil imports from Russia surged to a record 48% in June 2026, with 8.7 million metric tons imported, marking a 25% increase year-on-year. This rise occurs as the U.S. Senate passed a bill proposing up to 100% tariffs on Russian oil imports, pending approval from the House of Representatives. The outcome could impact future trade dynamics.