Russian Oil
On Trump's no Russia oil purchase condition, Piyush Goyal says buying US oil serves India's interests
India's Commerce Minister stated that the trade deal with the US is unaffected by Russian oil imports. However, Indian refiners are avoiding Russian oil, aligning with US interests, while a Trump executive order threatens 25% tariffs if imports resume.
2 min read11:11 PM ISTIndia-US trade deal: Will refiners cut back on Russian oil imports and pause new orders? Here's what we know
Indian refiners may begin cutting back on Russian crude oil imports once the current orders are fulfilled, in order to align with the interim trade agreement with the US, as per a PTI report. Here's all we know
3 min read08:40 PM IST‘Nothing new, India free to buy oil from other countries': Kremlin on Trump's claims over Russian oil
The Kremlin spokesperson was asked about US President Donald Trump's claim that India had agreed to stop buying Russian oil and switch to purchasing crude from the United States and, potentially, from Venezuela.
2 min read5 Feb 2026India-US trade deal: Trump claims India will stop buying Russian oil — what we know so far
While Prime Minister Narendra Modi confirmed the tariff cut, he did not comment on US President Donald Trump's claim that India would stop buying oil from Russia. What did Trump say about Russia and Venezuelan oil in the India-US trade deal?
3 min read3 Feb 2026Tariff cut, Russian oil claims: Global media weighs Donald Trump's India-US trade deal as White House confirms move
US President Donald Trump announced a reduction in tariffs on Indian goods from 25% to 18% after discussions with Prime Minister Narendra Modi. This move includes India's commitment to purchasing more American goods and potentially reducing Russian oil imports.
3 min read3 Feb 2026Trump tariffs: How India fares against China, Pakistan and Japan post India-US trade deal
Here's how tariffs imposed by US President Donald Trump on India fare against other countries after he rolled back punitive duties for purchase of Russian oil. The cut comes after eight months of trade tensions between the two countries.
3 min read3 Feb 2026India-US trade deal: What Trump discussed with PM Modi before making announcement
Trump stated the United States and India have reached a trade agreement under which the US will apply a reduced reciprocal tariff, cutting the rate from 25% to 18%. PM Modi thanked Trump, emphasising benefits for both nations and cooperation between the world's largest democracies.
2 min read2 Feb 2026How Baghdad stepped up with barrels as sanctions sapped Moscow
As US sanctions impact Russian oil supplies, India is moving back to West Asian sources, with Iraq resuming its role as a major exporter. This transition also signals Iraq catching up on Russia and India's need for dependable and flexible crude supply chains.
5 min read27 Jan 2026‘They wanted to sign big trade deal…': Scott Bessent calls out EU for not imposing tariffs on India
Scott Bessent, US Treasury Secretary, criticized European countries for not imposing tariffs on India to secure a trade deal. He accused them of financing Russia's war through oil purchases from India while discussing the impact of US tariffs on Indian oil imports.
2 min read24 Jan 2026Has India stopped buying Russian crude? Amid Trump aide's 500% tariff threat, Bessent makes fresh claim
Speaking on the sidelines of the World Economic Forum (WEF) in Davos during an interview with Fox Business, Bessent provided key updates on Senator Lindsey Graham's Russia Sanctions Bill that eyes 500% tariffs, including its intended targets, and the process to passage.
2 min read21 Jan 2026