Russian crude stays: Jaishankar amid 100% tariff twist

Nifty22, 421.95-198.5. Motilal Oswal Midcap Fund Direct-Growth.

Key points

• (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.).
• It was discussed that around 52% of India's crude imports were coming from Russia, with traditional suppliers in West Asia impacted by the war.
• The session discussed India-Russia relations against the backdrop of the Ukraine conflict, disruptions in West Asian energy supplies and the proposed US tariff on countries importing Russian oil.
• Crude oil importsUkraine warJaishankarDialogue and diplomacyUS tariffs on Russian oilExternal Affairs Ministryenergy mixenergy supply disruptions.
• The discussions additionally covered India's efforts to facilitate an end to the Ukraine conflict.

Nifty22, 421.95-198.5. Motilal Oswal Midcap Fund Direct-Growth. The Economic Times daily newspaper is available online now. Russian crude to remain part of energy mix: Jaishankar to Panel. Russian crude to remain part of energy mix: Jaishankar to Panel. ET BureauLast Updated: Oct 03, 2026, 11: 40: 00 PM IST.

As traditional oil suppliers face challenges, India's significant reliance on Russia for crude oil came into focus. External Affairs Minister S. Jaishankar highlighted the critical nature of sustaining robust relations with Moscow, against the backdrop of growing external pressures. During their discussions, delegates examined strategies for diplomatic conflict resolution regarding Ukraine while additionally addressing worries over impending US tariffs on Russian imports, demonstrating India's commitment to both energy security and international diplomacy. Listen to this article in summarized format. Unlock AI Briefing and Premium Content. New Year Offer 24 Hours Left. Subscribe Now Already a member? Sign In.

New Delhi: India's dependence on Russia for crude oil and its efforts to support end the Ukraine war figured prominently at a gathering of the External Affairs Ministry's Consultative Committee on Saturday, with External Affairs Minister S Jaishankar conveying to MPs that New Delhi remained committed to maintaining its ties with Moscow despite external pressure. The session discussed India-Russia relations against the backdrop of the Ukraine conflict, disruptions in West Asian energy supplies and the proposed US tariff on countries importing Russian oil.

It was discussed that around 52% of India's crude imports were coming from Russia, with traditional suppliers in West Asia impacted by the war. Members were additionally informed that European countries continued to import part of their energy requirements from Russia despite the ongoing conflict.

For context, the discussions additionally covered India's efforts to facilitate an end to the Ukraine conflict. India has maintained that dialogue and diplomacy remain the way forward, with Prime Minister Narendra Modi having spoken to both Russian President Vladimir Putin and Ukrainian leadership. Jaishankar remarked in a post on X that India had highlighted its "multifaceted engagement" with Russia in trade, investments, energy, connectivity, culture and people-to-people ties, besides its "active support to dialogue & diplomacy to end the Ukraine conflict" The gathering additionally discussed worries over the US proposal to impose a 100% tariff on countries importing Russian oil. MPs raised questions over the implications of the proposed measure for India-Russia trade and energy ties. Live Events.

Congress MPs Manish Tewari, Mukul Wasnik and Gurjeet Aujla, BJP MPs Vinod Tawde, Vikramjit Sawhney and K Sudhakar, AITC MP Babul Supriyo and CPM MP P Santhosh Kumar were among those present. Add Now!

For now, russian crude stays: Jaishankar amid 100% tariff twist remains the part of the story worth watching, and further updates are likely as more details are confirmed.