Categories: India

UPDATE 2-Trump says Modi has assured him India will not buy Russian oil

(New throughout, adds details and background on U.S. trade policies and India's oil imports from Russia) By Nandita Bose and Jarrett Renshaw WASHINGTON, Oct 15 (Reuters) – U.S. President Donald Trump said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, and Trump said he would next try to get China to do the same as Washington intensifies efforts to cut off Moscow’s energy revenues. India and China are the two top buyers of Russian seaborne crude exports, taking advantage of the discounted prices Russia has been forced to accept after European buyers shunned purchases and the U.S. and the European Union imposed sanctions on Moscow for its invasion of Ukraine in February 2022. Trump has recently targeted India for its Russian oil purchases, imposing tariffs on Indian exports to the U.S. to discourage the country's crude buying as he seeks to choke off Russia's oil revenues and pressure Moscow to negotiate a peace deal in Ukraine. “So I was not happy that India was buying oil, and he assured me today that they will not be buying oil from Russia,” Trump told reporters during a White House event. “That’s a big step. Now we’re going to get China to do the same thing.” The Indian embassy in Washington did not immediately respond to emailed questions about whether Modi had made such a commitment to Trump. Russia is India's top oil supplier. Moscow exported 1.62 million barrels per day to India in September, roughly one third of the country's oil imports. For months, Modi resisted U.S. pressure, with Indian officials defending the purchases as vital to national energy security. A move by India to stop imports would signal a major shift by one of Moscow’s top energy customers and could reshape the calculus for other nations still importing Russian crude. Trump wants to leverage bilateral relationships to enforce economic isolation on Russia, rather than relying solely on multilateral sanctions. During his comments to reporters, Trump added that India could not "immediately" halt shipments, calling it "a little bit of a process, but that process will be over soon." Despite his push on India, Trump has largely avoided placing similar pressure on China. The U.S. trade war with Beijing has complicated diplomatic efforts, with Trump reluctant to risk further escalation by demanding a halt to Chinese energy imports from Russia. (Reporting by Nandita Bose in Washington and Jarrett Renshaw in Philadelphia; additional reporting by Tim Gardner and Trevor Hunnicutt; Editing by Chris Reese, Rami Ayyub and David Gregorio)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

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