US EditionKremlin Says It Has Heard No Statements From India on Halting Russian ...
The Kremlin denies receiving any confirmation from India about halting Russian oil imports despite U.S. claims and notes Russia supplied 36% of India’s crude in 2024.
- On Tuesday, Kremlin spokesman Dmitry Peskov said Moscow had not received any information from New Delhi about plans to stop buying Russian oil and is `carefully monitoring the news`.
- On Monday, Trump claimed India agreed to stop Russian oil purchases and buy more from the US and Venezuela, but Modi did not confirm this, officials say.
- In 2024, Russia supplied nearly 36% of India's crude imports, around 1.8 million barrels per day, and President Vladimir Putin recently said Russia was ready to continue `uninterrupted shipments` of oil to India.
- Moscow signalled it will prioritise its strategic partnership with India, with Peskov saying Russia intends to continue developing bilateral relations with New Delhi.
- A White House official told AFP that Washington would drop a punitive 25% duty on all imports from India over Russian oil purchases, linking tariffs to U.S. accusations against India and China.
53 Articles
53 Articles
According to Russia, India has not declared a waiver of Russian oil.
Ahead of Wednesday's Ukraine peace talks, Donald Trump said Indian Prime Minister Narendra Modi had agreed to stop buying Russian oil. In exchange, the United States would reduce tariffs on Indian goods and India would commit to increasing its imports of energy resources and other goods from America. The Kremlin says it has not received any information from India about the decision to stop buying Russian oil.
The Kremlin is making less and less money selling oil and gas. Now one of the most important remaining customers is threatening to break away with India.
Trump says India will halt Russian oil. But that's unlikely
India is likely to continue importing around 1.2 million barrels per day of Russian oil in the next two-three months, with bookings already made for the period. A gradual decline would be the way to curb imports, rather than an immediate halt, experts said.
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