In July, India imported around 2.8 million barrels per day of Russian crude, accounting for nearly 55.5% of its total crude oil imports. In June, Russian oil made up around 50% of India’s total crude imports. The US is considering a 100% tariff on countries that continue to buy large amounts of Russian oil. However, replacing such a large volume of Russian oil at short notice could be difficult. Crude Oil Costs Could RiseOne major advantage of Russian crude has been the discount available to Indian refiners.