US to Monitor India's Russian Oil Imports Amid New Trade Pact

• US will monitor India's crude oil imports from Russia despite a new interim trade agreement.
• The trade pact lowers tariffs on Indian exports to 18%, but the US reserves the right to revise it.
• Donald Trump administration previously imposed a 25% tariff on Indian goods due to Russian oil purchases.
• A White House statement indicates potential reimposition of 25% duty if India resumes significant Russian oil imports.
• India has scaled down Russian oil imports, with deliveries dropping to 1.12 million barrels a day in December, lowest since November 2022.