Commodities News

Trump announced that India will cease imports of Russian oil.

Yatirimmasasi.com
16/10/2025 6:44
Güncelleme:
16/10/2025 6:44
News Image

Important Statement from Trump and Modi

U.S. President Donald Trump reported that Indian Prime Minister Narendra Modi assured him during their meeting that India would stop importing oil from Russia. He stated that this would help bring an end to the ongoing Russia-Ukraine War.

Import Issues and Relations

During a press conference at the White House, Trump discussed the tensions in the relations between India and Russia. He expressed his dissatisfaction with India’s purchase of Russian oil due to the war in Ukraine, highlighting that Modi's commitment on this issue was a significant development for him. “I was unhappy with India buying oil from Russia. Modi told me today that they will not make such imports.” he said.

Slow but Certain Change

Trump noted that he did not expect India to halt its imports of Russian oil abruptly, indicating that the process would proceed gradually, but he hoped it would be completed soon.

Strategy Towards China

He expressed that India could facilitate mediation in the Russia-Ukraine War by taking such steps and pointed out that China should also exhibit similar behavior.

Tariff Tensions

In August, India's decision to impose an additional 25% customs duty on top of the existing 25% mutual tariff rate due to imports of Russian oil had increased tariff tensions between the two countries.

Trump, India, Modi, Russian oil, Ukraine War, tariff tensions
CTA Image

Yakında Tüm Platformlarda

Sizlere kesintisiz haber ve analizi en hızlı şekilde ulaştırmak için. Yakında tüm platformlarda...