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India Weighs Cut to Russian Crude as US Tariffs Loom

9/21/2026

A potential 100% US tariff on major purchasers of Russian energy is forcing Indian refiners to reconsider their November crude oil intake.

The legislation authorizes the US administration to impose this penalty, creating an immediate threat to the supply chain that currently delivers more than one-third of India's total oil imports.

The math does not reconcile easily for domestic processors who must balance this financial risk against the need to maintain affordable energy supplies.

| Metric | Value | |---|---| | US Tariff Cap | 100% | | Russia's Share of Indian Imports | 1/3 | | India's Domestic Demand | 5.4 million bpd | The logistical hurdle is distinct from the financial one.

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