India-US Trade Deal Finalized: Will India Stop Buying Russian Oil? The 3 Loopholes

• India and the US have finalized a significant trade deal, but India's stance on Russian oil imports remains unclear despite US claims.
• US President Donald Trump announced India would abandon Russian oil, but India's joint statement made no mention of Russia.
• Experts state India cannot immediately stop Russian oil imports due to advance bookings, refinery suitability, and cheaper prices.
• The US offered a $500 billion mega-deal for India to buy gas, crude oil, tech, aircraft parts, and agricultural products.
• The deal includes tariff reductions: US removed 25% tariff on Indian goods, and India reduced tariffs on American industrial and agricultural products.