In a significant development affecting global trade and energy policy, United States President Donald Trump announced a bilateral trade agreement with Indian Prime Minister Narendra Modi following a direct telephone conversation on Monday. According to an official post shared by the US Ambassador to India on social media, the leaders discussed a range of strategic and economic issues, culminating in an accord that reduces key economic barriers between the two countries. In his publi

United States Treasury Secretary Scott Bessent has accused European nations of indirectly financing Russia’s war in Ukraine by purchasing refined oil products originating from Russian crude processed in India. His remarks come amid ongoing geopolitical tensions over energy trade and sanctions linked to the conflict in Eastern Europe. In an interview aired on Sunday, Bessent alleged that while European leaders publicly condemn Russia’s actions in Ukraine, their trade practices ar

US President Donald Trump on Sunday, January 4, claimed that India has significantly reduced its purchases of Russian oil following the imposition of steep tariffs on Indian goods by Washington. Speaking aboard Air Force One, Trump said his administration’s decision to levy a 50 percent tariff had prompted a response from New Delhi, while also warning that the United States could escalate trade penalties further if necessary. Trump asserted that India’s leadership acted in respo

Kremlin spokesman Dmitry Peskov said on Tuesday that the recent dip in India’s imports of Russian oil is expected to be short-lived, adding that Moscow plans to increase the volume of supplies to New Delhi in the coming months. He stated that Russia understands the external pressures faced by India, particularly in light of tariffs and policy constraints linked to its continued purchase of Russian crude. According to Peskov, Moscow views India’s approach toward its energy partnerships as

New Delhi: India’s Ministry of External Affairs (MEA) has clarified that the American sanctions imposed on Iran will not affect the Chabahar Port project, a critical component of India’s regional connectivity and trade strategy. The confirmation underscores New Delhi’s commitment to maintaining strategic investments in the port, even as it continues its dialogue with the United States on broader trade and diplomatic issues. The Chabahar Port, located on Iran’s southeastern c

Washington — U.S. President Donald Trump reiterated on Friday that India will no longer buy oil from Russia, asserting that the South Asian nation has already begun reducing its dependence on Moscow’s energy supplies. Speaking at the White House during a meeting with Ukrainian President Volodymyr Zelenskyy, Trump said the move reflects a broader international effort to isolate Russia economically over its invasion of Ukraine. “India will not be buying oil from Russia,” Trump

India is once again at the center of global diplomatic attention after former U.S. President Donald Trump claimed that Prime Minister Narendra Modi had agreed to halt Russian oil imports. The Indian government swiftly denied the statement, emphasizing that its energy decisions are made independently and based solely on national interest. This move highlights New Delhi’s determination to maintain strategic autonomy amid increasing international pressure. Over the past two years

Hours after United States President Donald Trump asserted that Indian Prime Minister Narendra Modi had personally assured him that New Delhi would soon halt the purchase of oil from Russia, the Indian government issued a carefully worded statement reiterating its independent energy policy. The clarification underscored India’s commitment to protecting its national interests and consumers amid global price volatility, without directly confirming or denying Trump’s remarks. In a s

Addressing the 80th session of the United Nations General Assembly in New York on September 23, 2025, United States President Donald Trump launched a sharp attack on India, China, and even some NATO allies. In a strongly worded speech, Trump alleged that both New Delhi and Beijing are the “primary funders” of the ongoing Russian war in Ukraine through their continued purchase of Russian oil. He claimed that these energy imports were a major reason why Moscow had been able to susta

Russian foreign minister Sergey Lavrov has strongly criticised Washington’s trade and tariff threats, arguing that major powers such as India and China cannot be coerced into changing their policies through ultimatums. Speaking on a television programme in Moscow, Lavrov said that the repeated warnings from the United States to cut energy ties with Russia were not only failing but also backfiring, as they were pushing countries to diversify markets, look for alternative energy resources

India and the United States are set to return to the negotiating table on Tuesday to work toward finalizing a crucial trade deal, weeks after relations were tested by steep tariffs imposed by Washington. The move follows President Donald Trump’s decision to levy punitive 50 percent tariffs on Indian exports as a response to New Delhi’s continued purchase of Russian oil. The resumption of discussions marks a potential turning point in efforts to restore momentum in bilateral econom

The possibility of a significant trade agreement between the United States and India has taken center stage after fresh comments by US Commerce Secretary Howard Lutnick. Speaking about key trade priorities, Lutnick made it clear that progress on the long-discussed deal will depend heavily on India ending its purchase of oil from Russia. His remarks underline the ongoing tensions between Washington and New Delhi over trade practices, energy choices, and global a

Russia is offering India bigger oil discounts, with the price of its Ural grade oil dropping to a discount of $3 to $4 per barrel, as reported by Bloomberg. The price reduction applies to cargoes expected to load in late September and October, reflecting Moscow’s efforts to maintain its oil trade with India amid rising tensions with the US. India has become a significant importer of Russian crude oil, especiall

United States President Donald Trump launched a fresh attack on India’s trade policies, describing India–US trade ties as a “one-sided disaster.” His comments came on September 1, against the backdrop of the Shanghai Cooperation Organisation Summit in Tianjin, China, where Indian Prime Minister Narendra Modi, Russian President Vladimir Putin and Chinese President Xi Jinping were seen engaging with each other on the sidelines. Trump’s remarks highlighted his conti

Former United States President Donald Trump issued a stark warning on Sunday, August 31, declaring that America would be completely destroyed without the tariffs he imposed during his time in office. His comments came only days after a federal appeals court ruled that the majority of those tariffs were unlawful, sparking yet another political and legal clash over one of the central elements of his economic policy. Writing on TruthSocial, Trump insisted that wit

Following the narrative established during the Trump administration, South Carolina Senator Lindsey Graham has drawn a connection between US tariffs, the ongoing Russia-Ukraine conflict, and India’s role in the global energy market. On Wednesday, Graham responded sharply to reports of a deadly Russian strike in Kyiv that killed at least 23 people. His message on X directly addressed India, China, and Brazil for their continued purchase of Russian crude.

The imposition of tariffs on India by President Donald Trump has triggered widespread debate in policy circles, not only in India but also in the United States, where senior officials have issued contradictory statements about the rationale behind this decision. Trump recently announced a 50 per cent tariff on India as a punishment for purchasing Russian oil, but in a move that has raised eyebrows, he refrained from imposing any similar measures on China, a cou

The White House has indicated that the United States may adjust President Donald Trump’s recently announced 50 percent tariff on Indian goods if foreign governments respond with retaliatory measures. The statement underscores a willingness by the administration to take a flexible approach to trade policy, balancing the desire to maintain pressure with the need to protect US economic interests. Officials noted that any potential revision would aim to preserve the intended economic impact of

A diplomatic and economic row is deepening between India and the United States after US President Donald Trump imposed a steep increase in tariffs on Indian exports. Just one day after the announcement, the Indian rupee showed early signs of resilience, rising 3 paise to open at 87.69 against the US dollar in the currency market. The modest strengthening of the rupee comes even as the broader trade implications of the new US measures are expected to weigh heavily on the Indian economy in the

US Secretary of State Marco Rubio has strongly defended President Donald Trump’s recent decision to impose 25 percent tariffs on Indian goods, emphasizing that India’s continued purchase of Russian oil is a significant point of irritation in its relationship with Washington. The move, announced earlier this week, has been described by the administration as a direct penalty aimed at discouraging India from supporting Moscow’s energy sector, which is seen as fueling Russia&rsq