White House Press Secretary Karoline Leavitt on Tuesday (local time) claimed that India has committed to ending its purchases of Russian oil and will instead source crude from the United States, potentially from Venezuela under the newly announced trade agreement between the two countries
US Senator Lindsey Graham on Monday (local time) claimed that India has "earned" the reduction in tariffs under the newly announced India-US trade deal, linking the move to the decrease in Russian oil purchases by New Delhi amid the ongoing war in Ukraine.
Following the announcement of the India-US trade deal, where the US reduced the tariffs on India to 18 per cent, a White House official on Monday (local time) confirmed to ANI that Washington will also drop the additional 25 per cent tariff on Indian imports imposed due to New Delhi's pur
Bessent told Politico that Indian refinery purchases of Russian oil have "collapsed" due to US tariffs, hinting that, while tariffs remain in place, a diplomatic "path" exists to remove them, provided India shifts its energy sourcing and asserted that these trade measures provide tangible
US President Donald Trump on Tuesday (local time) reiterated his good relationship with Prime Minister Narendra Modi; however, he underscored PM Modi's unhappiness over the high tariffs imposed on India for purchasing Russian oil.
On January 4, US President Donald Trump warned that Washington could raise tariffs on Indian imports if New Delhi does not stop purchasing Russian crude. The warning comes even as Indian exports to the US are already subject to a 50 per cent import tariff, half of which is directly linked to
During the year, President Vladimir Putin publicly defended India's stance, saying the Indian people would never allow themselves to be humiliated by anyone. He described Prime Minister Narendra Modi as a "balanced and wise" leader who acts in the national interest, RT reported. His remar
Speaking on the broader energy issue during his press gaggle aboard Air Force One, Trump stated that the US doesn't have much to do with China's purchase of Russian oil, noting that "it takes care of a big part of China."
Following the peace deal in the Middle East and the end of the Israel-Palestine war, Leavitt expressed confidence in the newly imposed "hefty" sanctions on Russian oil companies, repeating the claim that India, along with other countries, will scale back oil purchases from the country.