Trump Hints At India Halting Russian Oil Imports, Calls It 'A Good Step'

US President Donald Trump on Friday said he had heard reports that India may be halting its oil imports from Russia, describing that possibility as “a good step” while acknowledging uncertainty over the accuracy of the claim.

“I understand that India is no longer going to be buying oil from Russia. That’s what I heard, I don’t know if that’s right or not. That is a good step. We will see what happens,” he told ANI. The remarks came as he was asked whether he had a figure in mind for penalties and whether he planned to speak with Prime Minister Narendra Modi.

Trump’s comments follow his announcement on 30 July 2025 of a 25 per cent tariff on 온라인카지노 imports, effective 1 August, and an additional unspecified “penalty” targeting India’s defence and energy ties with Russia.

He has also previously warned of up to 100  per cent secondary tariffs on countries that continue buying Russian oil unless Moscow agrees to a peace deal with Ukraine by early August.

In India, state‑run refiners including 온라인카지노 Oil, BPCL, HPCL and MRPL have reportedly paused spot‑market purchases of Russian crude in recent days. Sources cite narrowing Russian discounts and growing US pressure as reasons for the pause.

However, private refiners such as Reliance and Nayara are continuing to receive Russian crude under longer‑term contracts, meaning imports have not ceased entirely.

India depends heavily on Russian oil, which made up approximately 35–40 per cent of total oil imports in 2024–25, equivalent to around 2 million barrels per day, and valued at some $50 billion. The prior level was under 2 per cent before Russia’s invasion of Ukraine in early 2022.

Despite media reports of a halt, the Ministry of External Affairs (MEA) has clarified that India’s energy decisions remain market‑driven and guided by national interest, adding it was unaware of any formal directive instructing companies to stop buying Russian oil.

Trump’s remarks and broader trade actions reflect heightened US concern over India’s continued reliance on discounted Russian crude and defence supplies. A reported US Treasury move has also forced at least two vessels carrying Russian oil to India to divert, under new sanctions targeting shipping and insurance networks linked to Russian exporters.

This confrontation adds tension to US‑India relations. Although India has reiterated its commitment to strategic ties with the United States, recent disputes over trade and energy policy have clouded progress on the long‑sought bilateral trade agreement and complicated hopes for doubling trade to US $500 billion by 2030.

Set against a backdrop where India seeks to balance energy security, economic costs, and diplomatic autonomy, the evolving oil import dynamics will remain under close watch in both capitals.