Washington: US President claimed on Wednesday that India would gradually reduce its imports of Russian oil, potentially bringing them “down to almost nothing” by the end of the year. The statement followed US sanctions on two major Russian oil companies and calls for an immediate ceasefire from Moscow.
Trump’s statement on India’s oil imports
During remarks, the US President said, “India, as you know, has told me they are going to stop… it’s a process. You can’t just stop (buying oil from Russia). By the end of the year, they’ll be down to almost nothing; almost 40 percent of the oil.”
India, however, has denied plans to cut Russian oil purchases, emphasising that its priority is to protect consumer interests. The government has maintained that energy security and affordability remain key considerations in its import strategy.
US tariffs on Indian oil imports
Trump has previously imposed 50% tariffs on India over its continued purchase of Russian oil. He had criticised India’s stance, stating, “Well then, they’re going to just keep paying a lot of tariffs if they said that, but I don’t believe they said that. No, I spoke with Prime Minister Modi of India and he said he’s not going to be doing the Russian oil thing.”
The imposition of tariffs has intensified the energy trade dispute between the two nations, highlighting the broader geopolitical tensions surrounding Russia and Ukraine.
Comments on China-Russia relations
The US President also addressed the situation with China, which could face 155% tariffs from November 1 if trade agreements are not reached. He remarked, “China is a little bit different. They have a little bit different relationship with Russia. It was never good, but because of Biden and Obama, they got forced together. They should never have been forced together… They (China-Russia) can’t be friendly… I hope they are friendly, but they can’t be.”
He added that his discussions would focus on ending the Russia-Ukraine war through energy-related measures, including oil. “What I’ll really be talking to him about is how do we end the war with Russia and Ukraine, whether it’s through oil or energy or anything else. I think he’s going to be very receptive,” he said.
India’s response
Indian officials have reiterated that their approach to Russian oil imports is pragmatic and gradual, driven by economic and consumer considerations rather than external pressure. Analysts note that India’s strategy balances energy affordability, diversification of sources, and adherence to global trade norms.
While the US President’s comments suggest a strong expectation of compliance, India continues to stress sovereign decision-making in its energy policies, signalling cautious diplomacy amidst sanctions and tariffs.
Conclusion
The remarks by the US President underscore the ongoing global debate on Russian oil imports, highlighting tensions between strategic allies and energy-dependent economies. India’s careful navigation of this issue reflects its dual priorities of energy security and maintaining international relations.