Russian oil imports
Reliance Industries Halts Russian Oil Processing at Export Refinery to Comply with EU and US Sanctions
Nov 21, 2025 01:25 pm CST
Reliance Industries Ltd has ceased processing Russian crude oil at its export-dedicated refinery in Jamnagar to comply with EU sanctions. As India's largest buyer of Russian oil, the company has announced that from December 1, all product exports from its SEZ refinery will be derived from non-Russian crude sources, completing the transition ahead of schedule to meet compliance requirements for restrictions effective January 2026.
US-India Trade Deal Shows Promising Progress with Potential Agreement by End of 2024
Nov 14, 2025 12:38 pm CST
Senior US officials signal significant progress in US-India trade negotiations, with a potential agreement expected before year-end. The discussions focus on two key issues: a reciprocal trade agreement and addressing concerns over India's Russian oil purchases, as bilateral trade reaches USD 190 billion in 2024.
Trump Praises India's Stance on Russian Oil Amid Global Pressure on Energy Sanctions
Oct 30, 2025 05:26 pm CST
US President Donald Trump commended India's approach to Russian oil imports, claiming PM Modi has been "very good" on the issue amid Western pressure to isolate Moscow economically through energy sanctions. India maintains its energy procurement decisions are guided by national interests and consumer protection, even as Trump suggests Modi promised reductions in Russian oil purchases during their discussions.
US and India to Sign Long-Delayed Trade Deal, Trump Announces Progress on Tariffs and Russian Oil Dispute
Oct 29, 2025 03:03 pm CST
President Donald Trump announced that the United States and India will sign a long-delayed trade deal, indicating breakthroughs on key issues including tariffs and Russian oil purchases. The agreement follows months of negotiations addressing agricultural market access and oil imports, with both nations apparently reaching compromises on major sticking points. Trump also repeated controversial claims about mediating the India-Pakistan ceasefire while praising Prime Minister Modi.
India's Strategic Approach to International Trade Negotiations: Minister Piyush Goyal Emphasizes National Interest Over Pressure
Oct 24, 2025 08:16 pm CST
Commerce Minister Piyush Goyal firmly declares that India approaches international trade agreements with deliberation rather than haste, actively engaging with the EU and US while prioritizing national interests. Speaking at the Berlin Dialogue, Goyal emphasized India's sovereignty in determining trading partners and exploring new markets, notably amid pressure regarding Russian oil imports.
Agricultural Trade and Tariffs: Understanding the US-India Trade Negotiations and Russian Oil Implications
Oct 24, 2025 06:37 pm CST
An in-depth analysis of the evolving US-India trade relationship, focusing on agricultural exports like corn and soybeans, tariff reductions from 50% to potentially 15-16%, and how India's reduction of Russian oil imports could facilitate a new trade agreement. The article examines the economic pressures, agricultural market dynamics, and political considerations influencing negotiations between President Trump and Prime Minister Modi.
India's Strategic Trade Stance: No Rushed Agreements Amid Russian Oil Controversy
Oct 24, 2025 05:42 pm CST
India's Trade Minister Piyush Goyal delivers a firm message at Berlin Global Dialogue, asserting India's sovereignty in trade decisions amid EU concerns over Russian oil imports. The statement comes as India navigates complex negotiations with the EU and US while facing pressure to reduce Russian crude purchases under new sanctions.
Shashi Tharoor Rebukes Trump for Announcing India's Russian Oil Import Decisions
Oct 23, 2025 09:21 pm CST
Congress MP Shashi Tharoor has criticized US President Donald Trump for claiming India would reduce Russian oil imports by year-end, stating that India makes its own policy announcements. Trump's assertion that Prime Minister Modi promised to significantly decrease Russian oil purchases comes amid India's denial of any such agreement and ongoing tensions over US tariffs on Indian goods.
Trump Claims India Will Reduce Russian Oil Imports While Pursuing Diplomatic Solutions with China
Oct 23, 2025 10:44 am CST
President Trump reiterates that India has committed to gradually reducing Russian oil imports by year-end, citing discussions with PM Modi, while planning to leverage upcoming talks with Chinese President Xi Jinping to broker peace between Russia and Ukraine. Meanwhile, the US has imposed new sanctions on Russian oil companies Lukoil and Rosneft, reflecting growing tensions over the ongoing conflict.
India and US Approach Historic Trade Deal to Reduce Tariffs by 35%: What You Need to Know
Oct 22, 2025 12:31 pm CST
India and the United States are finalizing a significant trade agreement that would reduce US tariffs on Indian imports from 50% to 15-16%, while potentially decreasing India's Russian oil imports. The deal focuses on energy and agriculture sectors, with provisions for non-GMO US corn and soymeal imports. An announcement is expected at the upcoming ASEAN Summit following recent discussions between Prime Minister Modi and President Trump.