India has finally yielded to U.S. pressure, deciding to stop buying Russian oil, ending a decade-long trade agreement. Reliance Industries, owned by billionaire Mukesh Ambani, will no longer import Russian crude. The move follows threats of high U.S. tariffs affecting India’s trade relations. The U-turn means Reliance will now source expensive oil from the Middle […]
russian oil
India signs deal to import 10% of LPG from US
NEW DELHI: India has signed a landmark agreement with the United States to source nearly 10 per cent of its liquefied petroleum gas (LPG) imports from the US, as New Delhi seeks to diversify its energy supplies. The one-year deal will see 2.2 million tonnes per annum of LPG shipped from the US Gulf Coast […]
Trump, Modi hold frequent talks amid renewed US-India trade, defence cooperation
WASHINGTON — The White House on Tuesday confirmed that US President Donald Trump maintains regular communication with Indian Prime Minister Narendra Modi, with trade discussions between both sides continuing at a serious pace. “The president and his trade team continue to be in very serious discussions with India,” White House spokeswoman Karoline Leavitt told reporters. […]
India quietly edges toward compromise on Russian oil
India’s defiant stance against US pressure to halt imports of discounted Russian crude may be softening behind the scenes. Despite Prime Minister Narendra Modi’s public insistence on “strategic autonomy,” reports suggest that Washington and New Delhi are inching closer to a trade deal — one that could see India gradually reducing its dependence on Russian […]
Modi to attend ASEAN summit virtually
NEW DELHI – Indian Prime Minister Narendra Modi will attend the ASEAN Summit in Kuala Lumpur virtually, ruling out a potential face-to-face meeting with U.S. President Donald Trump and signaling that a long-discussed trade deal between New Delhi and Washington may still be out of reach. The U.S. and India have been negotiating for months […]
India denies cutting Russian oil imports despite U.S. claim
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 […]
US tariffs threaten India’s gains from cheap Russian oil
India saved billions by increasing imports of discounted Russian oil since the Ukraine war began. However, new US tariffs that started on Wednesday could quickly erase these savings. Analysts say India saved at least $17 billion but now faces major export losses due to these punitive tariffs. The tariffs, imposed by US President Donald Trump, […]
White house: India funds Russia’s war via oil
The White House accused India of helping fund Russia’s war in Ukraine by buying Russian oil. Deputy Chief of Staff Stephen Miller made the claim during an interview in Washington. He said India’s actions are unacceptable to President Trump. Miller urged India to rethink its energy policy to avoid supporting the conflict. This is the […]
Trump sets deadline: 25-50% tariffs on Russian oil if no ceasefire in Ukraine
U.S. President Donald Trump announced on Sunday that he would impose secondary tariffs of 25% to 50% on Russian oil if Moscow blocks efforts to end the war in Ukraine. Trump stated that these tariffs could start within a month unless there is a ceasefire. He emphasized his anger after Russian President Vladimir Putin criticized […]