India to replace russian oil if supplies hit by US sanctions - Energy Minister

India will easily replace oil from aggressor country of russia and source it from other countries if the United States imposes new sanctions, India's energy minister, Hardeep Singh Puri, told Reuters on Thursday, July 17.

Puri said India should be able to cope with any problems with russian imports and secure oil supplies from other countries. He said there are new countries in the market, such as Guyana, and supplies from producers such as Brazil and Canada. In addition, India is ramping up exploration and production activities.

"I am not worried at all. If something happens, we will deal with it. India has diversified its sources of supply and we have gone from, I think, about 27 countries that we used to buy from to about 40 countries now," the energy minister said.

Reuters writes that russia currently remains India's main oil supplier, accounting for about 35% of total supplies, followed by Iraq, Saudi Arabia and the United Arab Emirates.

As Ukrainian News Agency earlier reported, russian oil supplies fell to their lowest level since February.

In May 2025, russia's export revenues from hydrocarbon sales abroad fell to their lowest level since the start of a full-scale war against Ukraine.

On March 6, US Secreatry of the Treasury Scott Bessent said that the US would not hesitate to go all-in on sanctions against russian energy resources if this would help achieve a ceasefire in the war in Ukraine.