Moscow refuted US President Donald Trump’s statement that Prime Minister Narendra Modi agreed to stop Russian oil imports as part of the recent India-US trade deal. Kremlin spokesman Dmitry Peskov emphasized that India is free to buy oil from any supplier and has historically sourced oil from various countries, not just Russia. Peskov clarified that Russia has not received any official communication from India regarding a halt in Russian oil purchases.
Trump’s assertion of India halting Russian oil imports in exchange for reduced US tariffs on Indian goods was dismissed by Russia’s Foreign Ministry. They highlighted the mutual benefits of hydrocarbon trade with India, emphasizing the stability it brings to the international energy market. The ministry expressed readiness to maintain strong energy cooperation with India.
Energy experts noted that Indian refiners cannot abruptly stop importing Russian crude due to differences in crude grades and blending requirements. They pointed out that alternative sources like US shale oil cannot immediately compensate for the volume supplied by Russia. Despite being a significant importer of Russian oil, India’s imports from Russia have decreased recently amid global energy market shifts and trade talks.
Moscow reiterated that India’s energy policy remains independent, emphasizing that any changes in oil purchases would be driven by India’s energy security and commercial interests rather than external influences. The strategic partnership between Moscow and New Delhi remains crucial, underscoring the importance of considering India’s energy security and business needs in decision-making.
