US President Donald Trump and Indian Prime Minister Narendra Modi - File Photo
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Moneycontrol04-02-2026, 08:32

India to End Russian Oil Purchases, Boost US Energy Imports: White House

  • White House announced India committed to ending Russian crude oil purchases and increasing imports of American energy.
  • The commitment was part of a new India-US trade agreement, following direct talks between Donald Trump and Narendra Modi.
  • Press Secretary Karoline Leavitt stated India will buy oil from the US and potentially Venezuela, benefiting American exports.
  • PM Modi also pledged USD 500 billion in investments into the United States across transportation, energy, and agriculture.
  • The trade deal includes lowering US reciprocal tariffs on Indian goods from 25 percent to 18 percent.

Why It Matters: India commits to shifting energy purchases from Russia to the US, strengthening bilateral trade and investment.

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