
Trump's first reaction after reports of India possibly halting Russian oil imports; 'I don't know if...'
US President Donald Trump said it would be a 'good move' if India really stopped buying oil from Russia, although he was not sure if the news was true. When asked by news agency ANI, if he had any specific plans to talk to Prime Minister Narendra Modi or impose any penalties, Trump replied, 'I heard that India is not going to buy oil from Russia anymore. I don't know if that's true. But if it is, it's a good step. Let's wait and see what happens.'
Earlier on Friday, the Ministry of External Affairs (MEA) clarified that India's energy purchases are guided by market dynamics and national interests, adding that the government is unaware of any specific developments regarding Indian oil companies pausing Russian imports.
#WATCH | 'I understand that India is no longer going to be buying oil from Russia. That's what I heard, I don't know if that's right or not. That is a good step. We will see what happens…' says, US President Donald Trump on a question by ANI, if he had a number in mind for the… pic.twitter.com/qAbGUkpE12
— ANI (@ANI) August 1, 2025
These remarks come at a time when the US is putting more pressure on countries to stop trading with Russia, especially in oil, as part of its efforts to cut off money going to Moscow during the ongoing war in Ukraine.
India is the world's third-largest buyer of oil and has been purchasing cheaper oil from Russia ever since Western countries put sanctions on Moscow in 2022.
But according to media reports, Indian government-run oil companies have now temporarily stopped buying Russian oil. This is mainly because the discounts are not as big as before, and there are problems with shipping. However, the Indian government has not officially confirmed this yet.
Trump's comment came after a week of strong criticism of India. On his social media platform, Truth Social, Trump criticized India for its high tariffs and tough trade rules. He also pointed out that India continues to buy oil and weapons from Russia.
In response, the White House announced a 25 per cent tax on all goods exported from India to the US. They also said there would be an extra 'penalty' because of India's ongoing energy trade with Russia.
Reacting to these developments, Randhir Jaiswal, spokesperson for India's Ministry of External Affairs, stood by the country's close relationship with Russia. He said India and Russia have a strong and steady partnership built over many years. He also said India's relationship with the US is based on shared interests, democratic values, and strong ties between their people. Jaiswal added that he is confident the two countries will continue to work closely together, even during this tough time.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
27 minutes ago
- Time of India
Welfare of farmers, youth top priority,' PM Modi states amid trade tensions with U.S
Prime Minister Narendra Modi, addressing growing trade friction with the United States, conveyed a strong and unwavering message: India will prioritize the welfare of its farmers, youth, and small industries above all. Against a backdrop of rising global economic instability and a proposed 25% tariff on Indian imports by the U.S., Modi underscored that India's farmers and small businesses remain central to the government's policy. According to Prime Minister Modi, 'Our farmers, our small-scale industries, the employment for youth — their interest is our top priority,' a statement delivered amidst escalating U.S. tariff threats. India's trade minister Piyush Goyal reiterated the same stance in parliament, saying India would not make trade concessions that harm its agricultural sector. In addition to defending domestic economic interests, Modi also called on citizens and businesses to support indigenous production by embracing the 'Vocal for Local' ethos. 'We should buy products made by Indians,' he said, urging everyone to put aside political differences to champion India-made goods. Amid rising tensions, economic analysts and insiders affirmed that most Indian exports will remain unaffected by U.S. measures, with any impact on GDP expected to be minimal, projected at under 0.2%. Modi concluded by reiterating that India is poised to become the world's third-largest economy, but to achieve that vision, the country must stay vigilant and resilient in protecting national interests, especially during turbulent global times.


First Post
27 minutes ago
- First Post
Israeli Public Figures Demand "Crippling Sanctions" on Israel Vantage with Palki Sharma
Israeli Public Figures Demand "Crippling Sanctions" on Israel | Vantage with Palki Sharma | N18G 31 prominent Israeli figures, including a former attorney general and parliament speaker, are calling for "crippling sanctions" on their country over its war in Gaza. The call comes as global opinion turns against Israel amid a starvation crisis in Gaza. Polls show most Americans also disapprove of Israel's actions. Will this force US president Donald Trump to abandon Israel? Palki Sharma tells you. See More


Time of India
27 minutes ago
- Time of India
US tariff hike puts Indian auto parts and tyre exporters at disadvantage: ICRA
The Indian automotive component and tyre industry could face significant headwinds following the United States' decision to impose a 25 per cent tariff on all Indian imports starting August 7, ratings agency ICRA has cautioned. With the US accounting for a substantial share — 27 per cent — of India's auto component exports and 17 per cent of tyre exports, the move puts domestic manufacturers at a strategic disadvantage compared to peers from countries like Japan, Vietnam, and Indonesia, which enjoy lower or preferential tariff structures. 'The imposition of the tariff has raised concerns across India's automotive and tyre sectors, both of which have sizeable exposure to the US market,' ICRA noted in its analysis released on Saturday. The higher tariffs are expected to erode the competitiveness of Indian suppliers, particularly in segments such as off-highway vehicles and replacement tyres. Indian tyre makers, who earlier held a pricing advantage over Chinese exporters, may now lose ground to Southeast Asian rivals benefiting from better trade terms. What are the solutions? To mitigate the impact, ICRA expects Indian exporters to explore new geographies and double down on cost optimisation efforts. However, near-term margin pressures are likely, especially for firms with high dependence on US-bound shipments. India's auto components industry recorded a turnover of $80.2 billion (₹6.73 lakh crore) in FY25, registering a 10 per cent growth over the previous year. Exports during the same period rose by 8 per cent to $22.9 billion (₹1.92 lakh crore). Despite this growth, the new tariff regime threatens to slow momentum in the export-driven segments of the sector unless favourable trade negotiations or alternate market strategies are implemented quickly.