"Russia is India's top oil supplier. Moscow exported 1.62 million barrels per day to India in September, roughly one-third of the country's oil imports. For months, Modi resisted US pressure, with Indian officials defending the purchases as vital to national energy security. A move by India to stop imports would signal a major shift by one of Moscow's top energy customers and could reshape the calculus for other nations still importing Russian crude."
"United States President Donald Trump says that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, and Trump said he would next try to get China to do the same as Washington intensifies efforts to cut off Moscow's energy revenues. India and China are the two top buyers of Russian seaborne crude exports, taking advantage of the discounted prices Russia has been forced to accept after European buyers shunned purchases."
President Trump has targeted India over its purchases of Russian oil, imposing tariffs on Indian exports to the United States to discourage crude buying and reduce Moscow's revenues. Trump said Prime Minister Narendra Modi pledged to stop buying Russian oil and indicated he would next press China to do the same. India and China remain the largest buyers of Russian seaborne crude, taking advantage of discounted prices after many Western buyers stopped purchases. Russia supplied 1.62 million barrels per day to India in September, about one-third of India's imports. Indian officials defended purchases as vital to national energy security. Halting imports would reshape global import dynamics and intensify economic isolation of Russia.
Read at www.aljazeera.com
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