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    Home»Business

    No readability on whether or not India will cease shopping for Russian crude oil – Company Technique & Outlook

    Admin - Shubham SagarBy Admin - Shubham SagarFebruary 8, 2026Updated:February 8, 2026 Business No Comments3 Mins Read
    No readability on whether or not India will cease shopping for Russian crude oil – Company Technique & Outlook
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    India on Saturday neither confirmed nor denied if it has determined to cease procuring Russian crude oil after the US rolled again a punitive 25 per cent tariff it had slapped on Indian items over New Delhi’s purchases of petroleum merchandise from Russia.

    US President Donald Trump signed an government order eradicating the 25 per cent further tariff.

    The transfer got here days after the US president introduced a commerce take care of India and mentioned that Washington would slash the tariffs on Indian items to 18 per cent from 50 per cent in change for India halting Russian oil purchases and decreasing commerce obstacles.

    “Particularly, India has dedicated to cease immediately or not directly importing Russian Federation oil, has represented that it’s going to buy United States vitality merchandise from the USA, and has lately dedicated to a framework with the USA to broaden defence cooperation over the following 10 years,” Trump mentioned within the government order.

    If the US Secretary of Commerce finds that India has resumed immediately or not directly importing Russian oil, Trump’s workforce shall advocate “whether or not and to what extent I ought to take further motion as to India, together with whether or not I ought to reimpose the extra advert valorem price of obligation of 25 per cent on imports of articles of India,” the order mentioned.

    Nonetheless, there was no clear response by Indian officers to Trump’s feedback that India is stopping the acquisition of Russian crude oil.

    When requested about Trump’s assertion, an official referred to the remarks made by Exterior Affairs Ministry spokesperson Randhir Jaiswal on Thursday.

    “Insofar as India’s vitality sourcing is worried, the federal government has said publicly on a number of events that making certain the vitality safety of 1.4 billion Indians is the supreme precedence of the federal government,” Jaiswal had mentioned.

    “Diversifying our vitality sourcing in line with goal market situations and evolving worldwide dynamics is on the core of our technique to make sure this. All of India’s actions are taken and will probably be taken with this in thoughts,” he mentioned.

    India’s buy of Russian oil had turn out to be a thorny challenge in ties between New Delhi and Washington with many American officers alleging that it’s fuelling Moscow’s battle machine in opposition to Ukraine.

    New Delhi rejected the costs sustaining that its vitality procurement is pushed by nationwide pursuits and market dynamics.

    India turned to buying Russian oil offered at a reduction after Western nations imposed sanctions on Moscow and shunned its provides over its invasion of Ukraine in February, 2022.

    India’s procurement of Russian crude oil has seen a pointy fall in the previous few weeks.

    Printed on February 8, 2026

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