India rejects Trump's claim on Russian oil
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President Trump claimed PM Modi assured him India would stop buying Russian oil, citing India's flexibility compared to landlocked Hungary. India, however, denied any such conversation and reaffirmed its focus on energy security and market-based sourcing.
The shadow fleet of unmarked tankers evading international sanctions to deliver Russian crude to India and China is straining trade talks.
The share of India’s oil imports from Russia has risen significantly from 2% in 2022 to 35% now - and figures released by data and analytics firm Kpler show that in volume terms purchases have remained largely steady throughout this year.
India begins limited yuan payments for Russian oil as rupee-rouble trade slows, says Russia’s Deputy PM Alexander Novak.