Inside the policy gap on Russia oil between Delhi and Washington
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Inside the policy gap on Russia oil between Delhi and Washington

Why India defends buying discounted Russian crude to stabilize energy costs while the U.S. argues such flows fund the Ukraine war, and what this means for a two-decade partnership?

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By MoneyOval Bureau

3 min read

Indian External Affairs minister Dr. S. Jaishankar. Image Credit: IAEA / wikimedia
Indian External Affairs minister Dr. S. Jaishankar. Image Credit: IAEA / wikimedia

India’s expanded buying of discounted Russian crude has opened a policy gap with the United States. Both sides cite national interests, yet both also signal a desire to protect a strategic partnership built over two decades.

New Delhi stresses energy security and price stability amid volatile markets. Washington emphasizes shrinking Russia’s war revenues to hasten an end to the conflict in Ukraine.

India’s case: secure supply, stable prices, lawful trade

Indian officials argue that sourcing affordable crude protects households and industry from inflation. They describe purchases as lawful and consistent with keeping global supplies flowing during shocks, with refined fuels sold to willing buyers worldwide.

New Delhi frames this as strategic autonomy. It says no country is compelled to buy Indian refined products and that decisions on sourcing reflect sovereign priorities rather than geopolitical alignment tests.

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U.S. view: oil revenue sustains the war in Ukraine

U.S. officials link Russia’s energy income to its ability to fund the war. They argue that large crude purchases and subsequent refined-product flows blunt pressure on Moscow, even when trades meet price-cap or other compliance thresholds.

From this perspective, tariffs and other measures are tools to reduce Russia’s earnings and bring the conflict closer to negotiation by tightening financial constraints.

Where the arguments diverge

The core divide is purpose versus effect. India emphasizes legal compliance, affordability, and stability for a large, fast-growing economy.

The U.S. emphasizes the net effect of oil flows on Russia’s war budget, independent of transactional legality.

Both assert they are mitigating wider harm: India by cushioning global energy volatility; the U.S. by seeking to curtail a conflict through economic pressure rather than force.

Risks to a two-decade partnership

The relationship spans defense, technology, investment, and people-to-people ties. Prolonged tariff escalation or public recriminations could slow trade talks, complicate supply-chain projects, and erode trust built since the mid-2000s.

External war dynamics can spill over. If energy disagreements harden into durable barriers, joint initiatives in semiconductors, clean energy, and logistics resiliency may face delays and higher costs.

What could narrow the gap

Practical steps include clearer transparency on refined-product destinations, joint monitoring aligned with price-cap goals, and calibrated tariff relief tied to verifiable guardrails. Long-term contracts for non-Russian energy could also lower friction over time.

Dialogue channels remain active. Both governments highlight converging interests in the Indo-Pacific and advanced manufacturing.

The test is whether technical fixes and phased adjustments can contain a dispute without undercutting broader strategic alignment.

The road ahead

Near term, each side will hold to its framing. India will prioritize reliable, affordable energy for growth.

The U.S. will prioritize constraining war financing through pressure on revenue streams.

Managing this difference will shape how resilient the partnership remains under external stress.

What would best reduce friction in U.S.–India energy ties?

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