India’s Modi caught between much-needed Russian oil and US trade threats


Source: scmp.com scmp.com
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Cutting Russian oil imports could avoid price rises ahead of key polls but keeping such purchases could cripple access to its largest market 3 -MIN READ3 -MIN Published: 8:46am, 19 Sep 2026 Indian Prime Minister Narendra Modi is caught in an energy policy bind with no easy exit. Cutting Russian oil imports to avoid potential new US tariffs could increase fuel prices ahead of key regional elections, or stress government finances. Maintaining such purchases could cripple Indian exports to its largest market. India, the world’s third-largest oil importer and among the biggest buyers of Russian crude, reacted unusually strongly on…

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