Asia prioritizes Russian oil imports over security risks amid energy crisis

Asia’s fuel needs may take priority over the strategic risks of relying on oil from heavily sanctioned Russia, according to experts.

Currently, there is little political appetite to treat the surge of Moscow’s crude flowing eastward through a “dark fleet” of tankers as a potential security issue.

The US-Israeli war on Iran has caused the price of Brent crude – the benchmark measure – to spike to above US$100 since March, although talks with Washington have seen the price soften in recent days to around US$93 a barrel.

Still, surging costs triggered by disruptions to Middle Eastern oil and gas routes through the Strait of Hormuz have punished Asia’s energy-importing economies, making reliable fuel sources a priority.

While Russia’s oil and gas majors have been sanctioned by the United States and the EU over its invasion of Ukraine, the country is finding a multitude of customers for its fuel both new and old across Asia.

Data from commodity analytics firm Kpler shows India imported about 1.9 million barrels per day of Russian crude in May 2026, up from 768,000 barrels daily in May 2022.

Indonesia had said it was working on a regulatory framework to fulfil its plan to import 150 million barrels of crude from Russia this year, following a Kremlin meeting between President Prabowo Subianto and Russian leader Vladimir Putin in March, Reuters reported.