Brief by Shorts91 NewsDesk / 11:16am on 04 Aug 2025,Monday India Global
Despite U.S. President Donald Trump’s claim that India has halted Russian oil imports, Indian officials confirmed no change in policy. Trump called the alleged move a “good step” amid threats of punitive tariffs targeting nations buying Russian oil. However, India continues sourcing crude from Russia, citing long-term contracts and economic necessity. The Ministry of External Affairs emphasized decisions are based on global market conditions and national interest. India, now one of Russia’s top oil customers, imported 1.75 million barrels per day from January to June. While Trump imposed a 25% tariff on Indian exports, further penalties remain possible. Officials insist India’s energy strategy supports price stability and complies with international norms. (PC: Reuters & TRT Global)
