U.S. President Donald Trump said on Wednesday 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.
“So I was not happy that India was buying oil, and he (Modi) assured me today that they will not be buying oil from Russia,” Trump told reporters during a White House event.
“That’s a big step. Now we’re going to get China to do the same thing.”
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 and the U.S. and the EU imposed sanctions on Moscow for its invasion of Ukraine in February 2022.
Recently, Trump has stepped up criticism of India’s continued oil trade with Moscow. He imposed tariffs on Indian exports to the U.S. in an effort to discourage these purchases and pressure Russia into negotiating a peace deal in Ukraine.
For months, Modi resisted U.S. pressure, with Indian officials defending the purchases as vital to national energy security. 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.
While imports from other producers would likely cost India more, lower oil prices would temper the impact. Benchmark Brent crude futures hit a five-month low on Wednesday on concerns about a growing surplus in the market.
If India follows through on halting Russian oil imports, it would mark a major policy shift by one of Moscow’s key energy partners — potentially influencing other nations that continue buying Russian crude.
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Start your day informed with the AnewZ Morning Brief. Here are the top stories for 17 June, covering the latest developments you need to know.
QatarEnergy is prepared to rapidly restore liquefied natural gas (LNG) production at its Ras Laffan complex once shipping routes through the Strait of Hormuz return to normal, according to a source familiar with the matter.
Oil prices edged lower on Tuesday (16 June) as traders assessed the possibility of oil supplies returning through the Strait of Hormuz following a preliminary agreement aimed at ending the conflict involving Iran.
Donald Trump has said the U.S. will resume bombing Iran if Tehran doesn't "behave," at the sidelines of the G7 summit in France. Earlier, the U.S. President criticised Israel for its tactics against Hezbollah, saying it was unnecessary to bomb entire apartment buildings to tackle militants.
A strong 6.7-magnitude earthquake struck Indonesia's Sulawesi island early Tuesday, killing at least one person and injuring four, according to emergency authorities.
U.S. President Donald Trump said a preliminary agreement to end the war in the Gulf has been signed by the U.S. and Iran, though details have yet to be made public and both countries said a permanent truce is yet to be negotiated.
Australia's weather bureau warned on Tuesday that an El Niño weather pattern has formed in the tropical Pacific and could intensify in the second half of 2026, becoming one of the strongest events recorded in seven decades.
Ukraine has said it struck an oil refinery in Russia’s Moscow region, marking one of the deepest reported attacks into Russian territory in recent months.
The UK has secured more than £1.3 billion in new international investment for battery storage, energy infrastructure and technology projects, with major commitments from companies based in France and India.
U.S. President Donald Trump has warned that a preliminary agreement with Iran remains fragile, saying Washington could resume military action if Tehran fails to meet its commitments.
China has sanctioned Philippine Defence Secretary Gilberto Teodoro Jr. and his immediate family, banning them from entering mainland China, Hong Kong and Macao. Beijing says the move responds to repeated remarks by Teodoro that it claims have undermined China's sovereignty and bilateral relations.
The European Commission has announced €493 million in emergency support for the Ebola response, including funding for vaccines, treatment and health security measures.
A British Iranian man has been charged in connection with an arson attack on a memorial wall in north London, an area with a large Jewish population, police have said.
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