Moscow [Russia], November 5 (ANI): Russian Ambassador to India Denis Alipov has said that India continues to purchase “huge quantities of Russian feedstock,” state media reported on Wednesday.
In an interview with the Rossiya-24 TV channel, Alipov said that as of October 2025, India’s purchases of Russian feedstock remain steady at around 1.75 million barrels per day. “If we look at October statistics, India continues buying huge quantities of Russian feedstock—approximately at the same level as lately, about 1.75 million barrels per day,” the envoy said, according to the official TASS news agency.
“This figure fluctuates—higher in certain months and lower in others—but remains approximately at the same average level,” Alipov added.
In October, the United States imposed sanctions—effective from November 21—on two of Moscow’s largest oil companies, Rosneft and Lukoil, over Russia’s ongoing war with Ukraine. The two companies together account for 57 percent of Russia’s crude output.
The European Union has also sanctioned Russian crude oil and petroleum products. Meanwhile, India’s Ministry of External Affairs (MEA) reiterated on October 30 that the country’s energy decisions will continue to prioritize securing affordable fuel for its 1.4 billion citizens.
Addressing the weekly media briefing, MEA spokesperson Randhir Jaiswal stated that India’s stance on energy sourcing remains unchanged and guided by national interests. “Our decisions regarding oil purchases are guided by market dynamics—the fluctuations and changes that occur in the global market. Our approach to sourcing fuel is shaped by our responsibility to provide energy to our people—to ensure that fuel is available at affordable prices so that the needs of our 1.4 billion citizens can be met,” Jaiswal said.
The MEA also confirmed that several Indian companies have stopped purchasing oil from Russia following the U.S. sanctions. “We have seen several reports, and our Indian companies have informed us about their approach, which has already been shared with you. I have seen many reports issued by our Indian oil companies,” Jaiswal added.
According to a report by the Global Trade Research Initiative (GTRI), the impact of U.S. measures has already been significant. Since the introduction of the 25 percent “Russian oil” tariff on July 31, total duties on Indian goods have doubled to 50 percent, leading to a 37 percent fall in exports between May and September, the report said. (ANI)
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