India's Stance on Russian Oil Unclear Amid US Tariff Rollback

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News18•08-02-2026, 00:15
India's Stance on Russian Oil Unclear Amid US Tariff Rollback
- •India has not confirmed or denied stopping Russian crude oil purchases despite the US rolling back a 25% punitive tariff.
- •US President Donald Trump signed an executive order removing the tariff, linking it to India halting Russian oil imports.
- •Trump's order stated India committed to stopping Russian oil imports and purchasing US energy products.
- •The US may reimpose tariffs if India resumes importing Russian oil, according to the executive order.
- •Indian officials emphasized energy security for 1.4 billion Indians and diversifying energy sourcing based on market conditions.
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