India's Russian Oil Imports to Surge Despite US Sanctions: Kpler Report

• India's Russian oil imports are projected to increase to 1.5-1.7 million barrels per day in January 2026, up from 1.3 million in December 2025.
• New US sanctions on Russia's oil tanker fleet aim to reduce Russia's oil revenue, but India continues to bypass the price cap.
• India prioritizes Russian crude due to significant discounts ($5-$10 per barrel cheaper than Brent) and its suitability for Indian refineries.
• A 'shadow fleet' is being used to circumvent sanctions, ensuring continued supply to India.
• India views Russian oil as crucial for national energy security, helping to control domestic inflation and stabilize fuel prices.

Why It Matters: India's energy security and economic benefits from discounted Russian oil outweigh geopolitical pressures and US sanctions.