Overview
- Polish foreign minister Radosław Sikorski said he was satisfied India had reduced Russian oil imports and plans to discuss the issue during his visit to India next week.
- President Donald Trump approved a bipartisan bill for consideration that could authorize tariffs of up to 500% on countries buying Russian oil or uranium, with a vote possibly next week, after earlier moves that lifted some Indian import duties to 50%.
- Data from CMIE and CREA show a tangible pullback, with Russia’s share of India’s crude imports now below 25% and daily purchases from non‑sanctioned Russian entities down sharply in early January.
- Major Indian refiners including Reliance Industries, HPCL and MRPL have paused purchases from sanctioned Russian suppliers, while some buyers continue sourcing from non‑sanctioned entities.
- External affairs minister S. Jaishankar used meetings in the Weimar Triangle format to deepen European engagement, with further high‑level EU visits to India expected in the coming weeks.