Trump: India has "largely stopped" buying Russian oil
US President Donald Trump has stated that India has largely stopped buying Russian oil following sanctions and tariffs imposed by Washington.
Source: Trump speaking to journalists in the Oval Office, as reported by Interfax-Ukraine
Details: A journalist asked Trump how his talks with Indian Prime Minister Narendra Modi were going.
"That's great. Very good. He has largely stopped buying oil from Russia," he replied.
Trump added that Modi had invited him to visit India and the US president promised to make such a visit.
According to Trump, he may travel to India next year.
Previously: At the end of October, Reuters reported Indian oil refineries had not placed new orders for Russian oil since the imposition of fresh sanctions and were awaiting clarification from the government and suppliers.
Background:
- The US has imposed sanctions on Russia's largest oil firms, Rosneft and Lukoil, as well as their subsidiaries.
- On the morning of 23 October, the European Union formally approved its 19th package of sanctions against Russia.
- Indian company Reliance Industries Ltd. has purchased millions of barrels of crude from the Middle East and the US after the US sanctioned Rosneft and Lukoil.
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