U.S. President Donald Trump reaffirmed on Sunday that Indian Prime Minister Narendra Modi assured him India would halt its purchases of Russian oil. Speaking aboard Air Force One, Trump warned that India could continue facing “massive” tariffs if it fails to follow through. “I spoke with Prime Minister Modi of India, and he said he’s not going to be doing the Russian oil thing,” Trump told reporters.
When asked about India’s claim that no such conversation took place, Trump responded, “If they want to say that, then they’ll just continue to pay massive tariffs, and they don’t want to do that.” The issue of Russian oil imports remains a key sticking point in ongoing U.S.-India trade negotiations. Half of Trump’s 50% tariffs on Indian goods are said to be in retaliation for India’s continued oil purchases from Russia, which Washington argues help fund Moscow’s war in Ukraine.
India, now the largest buyer of discounted Russian seaborne oil, began ramping up imports after Western nations imposed sanctions following Russia’s 2022 invasion of Ukraine. Trump claimed that Modi personally confirmed India would stop buying Russian oil, but India’s foreign ministry stated it was unaware of any such conversation and reiterated that New Delhi’s main concern is to “safeguard the interests of the Indian consumer.”
A White House official later said India had reduced its Russian oil imports by half, though Indian sources disputed seeing any immediate decline. Market data from commodities firm Kpler suggests that India’s Russian oil imports are expected to rise by about 20% this month to 1.9 million barrels per day as Russia boosts exports following Ukrainian drone attacks on its refineries. Analysts believe any visible cut in India’s imports may appear only in December or January trade data.


Russia Seeks to Claw Back Soldier Bonuses After Crimes
AfD Eyes Historic Win in Saxony-Anhalt Election
Iran Plans New Gulf Restricted Zone as Hormuz Tensions Push Oil Higher
Netanyahu Orders West Bank Settler Outposts Dismantled
Jefferies Names 6 Top India Stock Picks Across Key Sectors
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure
Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets
Merz Rejects AfD Alliance After Saxony-Anhalt Surge
Trump Threatens Bombardier U.S. Sales Ban
Lavrov Accuses Germany of ‘Declaring War’ on Russia
ECB Set for September Rate Hike as Energy Prices Fuel Inflation
Hungary Industrial Output Beats Forecasts With 4.7% July Growth
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally
Israel Strikes Southern Lebanon After Hezbollah Drone Attack
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 



