US EditionTrump claims India will stop buying Russian oil, escalating pressure on Moscow over Ukraine war
Trump claims Modi assured stopping Russian oil purchases to pressure Moscow amid Ukraine war, but India and Kremlin have not confirmed the pledge, with India still importing significant volumes.
- India's External Affairs Ministry stated it is looking to expand energy procurement from the U.S. after Trump claimed India would limit Russian oil purchases.
- India has significantly increased Russian oil imports since 2022, capitalizing on discounted prices amid European sanctions.
- Trump announced that India would stop buying oil from Russia, but the Indian government has not confirmed this.
- The U.S. imposed a 50% tariff on India to pressure it to cease Russian oil imports, costing India an estimated $37 billion in the next year.
274 Articles
274 Articles
3 Myths Preventing the West from Sanctioning Russian Energy
Amidst massive AI-driven energy demand projections, reversals from renewable energies to fossil fuels, and mounting geopolitical tensions across the globe, energy costs are skyrocketing. Through this tumult, three myths pervade the global energy market, misleading everyone—from diplomats and military strategists, to economists and tech titans, to CEOs and consumers—about the state of global dependence on Russian energy supply. The real issue is …
India Signals Shift to US Oil After Trump Criticism
India on Thursday hinted that it was looking to increase its purchases of crude oil and natural gas from the U.S. as it diversifies its energy supplies following criticism by President Donald Trump over its imports of discounted Russian oil. "I was not happy that India was buying oil and [Prime Minister Narendra Modi] assured me today that they will not be buying oil from Russia," President Donald Trump told reporters in the Oval Office on Wedne…
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