BRICS countries, Russia, and India are likely to continue oil deals despite sanctions from the US and threats from Trump. The share of Russian crude oil in India’s imports could even increase as it is available at competitive prices. British analytical firm Vortexa wrote in its analysis that Russian oil suppliers will keep prices below market rates for India.

All of this would happen despite sanctions from the US and pressures from Trump and other Western countries. The West has tightened pressure on BRICS and other developing countries to stop them from procuring Russian oil. They even went to the extent of claiming that those who procure Russian oil are aiding and arming the conflict in Ukraine.

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BRICS Oil Remains In the Limelight

Vortexa experts added that Russian seaborne oil exports are too big a part of India’s hydrocarbon purchases for it to lose them. BRICS members are making the most out of the competitive oil prices and procuring them from Russia. “Despite tightening fleet dynamics and Western pressure, Russian supply is too significant and competitively priced for India and China,” Vorexta wrote.

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Apart from India, BRICS member China is also the top buyer of Russian oil. The two countries have been settling payments in the Chinese yuan and not the US dollar. With India, Russia is accepting the ruble and, to some extent, the rupee. “But low oil prices and oversupply concerns for the next six months may embolden sanction efforts with some additional repercussions,” Vorexta added.

If the US fails to stop Russia from selling oil at cheaper rates, the BRICS countries would gain the most. Even with sanctions, Western pressures, Trump’s threats and tariffs, the alliance is committed to walking its course. The White House will be on the losing side if the development continues, highlighting that its global influence is waning.