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.


Medvedev Warns World Is Growing More Dangerous but Says Russia Seeks to Avoid Global Conflict
U.S.–Venezuela Relations Show Signs of Thaw as Top Envoy Visits Caracas
Russian Drone Strike Kills Miners as Ukraine Pushes for Peace Talks Amid Energy Crisis
China Manufacturing PMI Slips Into Contraction in January as Weak Demand Pressures Economy
Wall Street Slides as Warsh Fed Nomination, Hot Inflation, and Precious Metals Rout Shake Markets
Laura Fernandez Set to Become Costa Rica’s Next President, Promising Sweeping Political Change
Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes
Keir Starmer Urges Prince Andrew to Testify in U.S. Epstein Investigation
India Budget 2026: Modi Government Eyes Reforms Amid Global Uncertainty and Fiscal Pressures
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons
Putin Envoy Kirill Dmitriev to Visit Miami for Talks With Trump Administration Officials
Pierre Poilievre Retains Conservative Leadership After Election Defeat in Canada
Japan Election Poll Signals Landslide Win for Sanae Takaichi, Raising Fiscal Policy Concerns
Venezuela Proposes Amnesty Law and Plans to Transform Helicoide Prison
U.S. Government Faces Brief Shutdown as Congress Delays Funding Deal
Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair
Christian Menefee Wins Texas Special Election, Narrowing GOP House Majority 



