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The India-flagged oil tanker Desh Ujaala is pictured within the Gulf waters close to Al-Basrah Oil Terminal (ABOT), about 50 kilometres offshore of Iraq’s southern Faw peninsula, on August 5, 2025.
Hussein Faleh | AFP | Getty Photographs
U.S. President Donald Trump stated Wednesday that Indian Prime Minister Narendra Modi informed him New Delhi will cease shopping for oil from Russia, although the transfer will take time.
“[Modi] assured me immediately that they won’t be shopping for oil from Russia. That is a giant cease.” Trump stated on the press briefing within the Oval Workplace. “Now we have got to get China to do the identical factor.”
He added that Washington was sad with New Delhi’s purchases of Russian crude as a result of it allowed Moscow to proceed waging its “ridiculous conflict” in Ukraine.
Nonetheless, the U.S. president additionally stated that the halt is not going to be quick, and there might be “a little bit little bit of a course of,” with out giving a transparent timeline.
India’s exterior affairs ministry stated Friday that the nation’s oil import selections are pushed by efforts to guard customers by making certain steady vitality costs and securing provides.
The ministry’s precedence was to “safeguard the pursuits of the Indian client in a unstable vitality state of affairs,” Exterior Affairs Ministry spokesperson Randhir Jaiswal stated in a press release.
He added that India’s import insurance policies are guided “solely” by that objective.
Jaiswal stated that India has looked for years to increase vitality commerce with the U.S. “This has steadily progressed within the final decade,” he stated, including that “the present Administration has proven curiosity in deepening vitality cooperation with India. Discussions are ongoing.”
India and Russian crude
India’s imports of Russian oil have been a sticking level within the relationship between Washington and New Delhi. Trump slapped extra tariffs of 25% on India again in August, elevating the entire levy to 50%, whereas India has referred to as out the U.S. for its commerce with Russia.
“If India does not purchase [Russian] oil, it makes [ending the war] a lot simpler,” Trump stated. “They assured me inside a brief time frame, they won’t be shopping for oil from Russia, and they’re going to return to Russia after the conflict is over.”
On Thursday, Brent crude futures climbed 0.82% to $62.43 a barrel by 10:31 p.m. ET, whereas U.S. West Texas Intermediate futures climbed 0.89% to $58.79.
India is likely one of the largest patrons of Russian oil. Information from analysis agency Kpler exhibits Russia exports about 3.35 million barrels of crude per day, with India taking about 1.7 million and China 1.1 million.
New Delhi has defended these purchases, with Power Minister Hardeep Singh Puri telling CNBC in July that New Delhi helped stabilize international vitality costs and was inspired by the U.S. to take action.
“If individuals or nations had stopped shopping for at that stage, the value of oil would have gone as much as 130 {dollars} a barrel. That was a scenario during which we have been suggested, together with by our mates in the US, to please purchase Russian oil, however inside the worth cap,” Puri stated.
Russian gross sales of crude oil have been positioned below a worth cap by the G7 nations and the European Union since Moscow’s 2022 invasion of Ukraine.
That worth cap, set at $47.6 per barrel, goals to restrict Moscow’s income from oil exports, constricting the nation’s capacity to finance its conflict in Ukraine.
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