India Russian Oil Imports News

US President Trump announced a trade deal with India, cutting tariffs from 25 per cent to 18 per cent, and claimed that India would stop buying Russian oil. However, Kremlin spokesperson Peskov clarified that Russia isn’t India’s only supplier and that Moscow has received no official communication from New Delhi.

US President Donald Trump’s push to sell Venezuelan oil to India faces high costs, logistical hurdles and refinery limits, analysts say.

Speaking about the tariffs, US Treasury Secretary Scott Bessent said he "would imagine there is a path to take them (tariffs) off now," signaling a potential shift in US trade policy towards India.

President Trump has greenlit the 'Sanctioning Russia Act of 2025,' threatening at least 500% tariffs on countries like India and China that import Russian oil. As Washington seeks leverage for a Ukraine peace deal, find out how this "economic bunker buster" could trigger a global trade war.  

India’s biggest refiners are preparing to cut direct Russian oil imports as new US sanctions kick in. Global suppliers from the Middle East, Latin America and the United States are suddenly in high demand, signalling a major shift in energy trade and geopolitics.

In the shadow of sanctions, India’s refineries continue to hum, powered by ingenuity on the high seas.

Speaking on Fox News, Trump said he had imposed a 50% tariff on Indian oil purchases from Moscow, arguing that the step was significant but came at the cost of souring ties with India.

Writing in the Financial Times, Navarro stated: “If India wants to be treated as a strategic partner of the U.S., it needs to start acting like one.”  

Despite rising U.S. pressure and Trump’s tariff warnings, India holds firm on its oil strategy with Moscow, prioritising economic interests over foreign demands.