Russia’s share stood at about 34% in terms of the volume of India’s oil imports in April 2026. At the same time, India’s dependence on oil from the U.S. fell to multi-month lows in terms of both value and volume.
In the financial year 2024–25, total India-Russia trade reached an all-time high of about $68.7 billion, up sharply from roughly $13 billion in 2021, marking nearly a five - to six- fold increase over four years.