
American Bazaar
Online news publication for Indian Americans, based in Germantown, Maryland; edited by Arun Kumar.
American Bazaar reported on 17 September 2026, as Congress passed the Graham sanctions bill, that Russia supplied 30.3% of India's crude oil imports in fiscal year 2026, worth $40.8bn. It gave no source for the figure.
Last refreshed: 12 October 2026
How exposed is India to the Graham Act's tariffs on buyers of Russian oil?
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American Bazaar is an online publication covering India-US relations and the Indian-American community. It is published by American Bazaar, Inc. of Germantown, Maryland, with Asif Ismail as chief executive and publisher and Arun Kumar as editor.
On 17 September 2026, as the US Congress passed the Lindsey O. Graham Sanctioning Russia and Iran Act, it reported that Russia accounted for 30.3% of India's crude oil imports in fiscal year 2026, worth $40.8bn. The report did not say where the figure came from. Its report also quoted New Delhi's pledge to shield Indian trade.
The outlet's reporting matters because India sits squarely among the buyers the Act targets. Signed on 18 September, the law requires tariffs of up to 100% on goods from the largest importers of Russian crude or gas within 30 days.