Trump trusts Modi's promise not to buy Russian oil.

Trump and Modi's Energy Meeting

During his return to the capital Washington, U.S. President Donald Trump made statements to the press. Trump stated that he discussed India's energy imports from Russia in meetings with Indian Prime Minister Narendra Modi.

Modi's Assurance and U.S. Concerns

Trump expressed that Modi provided a definite assurance that the New Delhi administration would stop the import of Russian crude oil. Trump evaluated this situation by saying, "If they want to say something else, they will continue to pay high tariffs, and they don't want to do that." This statement is of great importance regarding how future energy trade between the two countries will shape.

Statements from the Indian Ministry of External Affairs

The Indian Ministry of External Affairs emphasized that negotiations with the U.S. regarding energy supply are ongoing while stating that energy policies are determined in accordance with the interests of Indian consumers. This situation could have a significant impact on India's energy dependency and policy.

Comments from the Kremlin

Kremlin Spokesman Dmitriy Peskov stated that they are acting based on official statements regarding India's oil purchases. Peskov remarked, "This statement is accessible to everyone. We are basing ourselves on that." Such statements could potentially impact the dynamics of international energy markets.

Tariff Tensions and Factors Affecting Trade

In August, Trump had decided to impose an additional 25% customs duty on India, due to its purchase of Russian oil, on top of the existing 25% mutual tariff rate. This development created tension in the commercial relations between the two countries and increased uncertainties regarding future energy trade.

In conclusion, India's commitment to halt imports of Russian oil is considered a significant development in energy markets. This situation could have implications for both the Indian economy and international energy dynamics.