- Former President Trump announced India agreed to halt Russian oil procurement as part of a trade deal.
- Indian officials and Russian sources have not confirmed this major policy shift or any halt to existing contracts.
- Experts suggest a complete halt to Russian oil imports is “extremely unlikely” and would be economically “disruptive” for India.
The former U.S. President announced a trade deal with India on Monday, stating its administration agreed to stop buying Russian oil and would source from Venezuela instead. However, the BRICS nation has not confirmed this seismic shift, leaving the global energy market and its BRICS allies in suspense. Consequently, sources within the Indian government told The Hindu Business Line that an immediate halt to Russian crude is considered “extremely unlikely.”
Logistics support this view, as oil shipping contracts are typically signed weeks in advance. Consequently, vessels are already in transit and will continue to unload at Indian ports for the foreseeable future. Meanwhile, Russia‘s Kremlin spokesman stated that “we have not heard any statements from Delhi on this issue,” China/kremlin-says-it-has-heard-no-statements-india-halting-russian-oil-purchases-2026-02-03/”>according to Reuters.
Anonymous oil experts cited in the report warned that stopping Russian cargoes would be “disruptive” for the world’s fastest-growing economy. This indicates India may prioritize its strategic energy needs and partnership with Russia despite the new U.S. trade arrangement.
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