The United States said India has cut its Russian oil imports by half, boosting trade discussions between the two countries. A White House official stated that Indian refiners reduced Russian crude purchases by 50%. However, Indian industry sources denied this claim, saying no official directive has been issued. The confusion has created uncertainty over India’s future oil buying strategy.
Despite U.S. claims, Indian refiners continue to import large volumes of Russian oil. Sources said purchases for November and December are already locked in. Data firm Kpler estimates India’s Russian oil imports will rise 20% this month. The increase follows a rise in Russian exports after attacks on its refineries. India’s oil ministry has not responded publicly to the U.S. statements.
Read more: India begins major cut in Russian oil imports after US talks
Former President Donald Trump claimed Prime Minister Modi promised to stop buying Russian oil. But India’s foreign ministry said it was unaware of any such conversation. Meanwhile, India’s oil minister has requested detailed data on future Russian oil imports. This move may signal a policy review, but no official cuts have been confirmed.
India has been the top buyer of discounted Russian oil since Western sanctions hit Moscow in 2022. The U.S. sees these purchases as funding Russia’s war in Ukraine. American officials have linked lower tariffs on Indian goods to a drop in Russian oil imports. However, India has not made any formal commitments to reduce its energy trade with Russia.
Read more: India Denies Modi-Trump Talks on Halting Russian Oil Purchases
Trade talks between India and the U.S. remain stuck over tariffs and energy ties. Trump’s administration had imposed high tariffs on Indian goods partly in response to oil deals with Moscow. Though India once hoped for a quick deal, progress has stalled. Still, both sides aim to grow bilateral trade and energy cooperation, despite differences on Russian oil.