Russia has chosen to keep information on its crude oil supplies to India secret because of security concerns and “too many ill-wishers.” Moscow is sending more supplies to India to cover its energy needs during regional disruptions.
Key Statements from Kremlin
“If you mean quantitative data, no, of course we’re not going to give any for obvious reasons,” Kremlin spokesman Dmitry Peskov said. That’s the first thing. There are too many ill-wishers.” Peskov made the remarks in response to Indian media reports that said Russia was ready to supply up to 22 million barrels of crude within a week. The announcement came after US Treasury Secretary Scott Bessent disclosed that a temporary waiver having validity of 30 days had been granted to Indian refiners to purchase Russian oil against the backdrop of West Asia wars.
Background on Russia-India Oil Trade
Since Western sanctions were imposed after the invasion of Ukraine, India had emerged as a key purchaser of discounted Russian crude. Trade tensions between the US and India had resulted in tariffs on various Indian goods to restrict these purchases; now a deal has brought this down from 50% to 18%, but without committing to any real change of Russian oil. Demand has surged due to disruptions such as US-Israeli attacks on Iran and closures in the Strait of Hormuz, while United Russia Deputy PM Alexander Novak promised India and China more volumes.
Geopolitical Context and US Role
The decision is in line with rising tensions, such as Iranian reprisals that have impeded vital oil waterways. On Russian state television, tankers crossing the Arabian Sea toward India’s east coast refineries were featured prominently. While the US waiver offers respite in the near term, Energy Secretary Chris Wright said there would be plenty of long-term supplies but short-term market requirements.
Implications for India and Global Markets
India needs Russian oil for energy security and at a discount, refining it for delivery to Europe. Retaining data protects trade from sanctions or examination by enemies. This might help stabilize supplies in a climate of volatility but raises questions of transparency in bilateral relations. Russian willingness to increase exports could make up for shortages in the Middle East.