Overview
- President Donald Trump said Prime Minister Narendra Modi assured him India would halt purchases of Russian oil, calling it a process that would conclude soon.
- The Ministry of External Affairs said it was unaware of any conversation on the day Trump cited and reiterated that energy choices are guided by national interest and market realities.
- Reuters reported some refiners are preparing to reduce Russian crude intake, though companies said they have received no government order to stop buying.
- Trade data from Kpler show Russia supplied about 34% of India’s crude in September—roughly 1.6 million barrels per day—with state refiners cutting buys as private firms like Reliance and Nayara increased imports.
- The U.S. has doubled tariffs on Indian goods to 50%, including a 25% penalty linked to Russian oil purchases, as bilateral trade talks continue without a confirmed policy shift from New Delhi.