India Has Mostly Halted Buying Russian Oil, Trump Says
Former U.S.
President Donald Trump has stated that India, a major industrial nation, has largely ceased purchasing Russian oil in response to sanctions and tariffs imposed by the U.S.
administration.
Trump revealed this during a conversation with journalists in the Oval Office, citing sources from Interfax-Ukraine.
During the brief discussion, the American leader indicated that his negotiations with Indian Prime Minister Narendra Modi are progressing well.
“Everything is going great; Modi has mostly stopped buying oil from Russia,” Trump said.
He also mentioned that Modi has invited him to visit India, and he definitely plans to make that trip.
According to Trump, he might travel to India as early as next year.
Following the sanctions introduced in October, Indian oil companies refrained from placing new orders for Russian oil, awaiting clarifications from government authorities and suppliers.
It is noteworthy that the United States imposed sanctions against Russia’s largest oil companies, Rosneft and Lukoil, and their subsidiaries.
At the same time, the European Union officially approved its 19th sanctions package against Russia on October 23.
Despite these measures, Indian company Reliance Industries Ltd.
continues to purchase millions of barrels of crude oil from the Middle East and the United States to maintain its market presence internationally.