New Delhi: US President Donald Trump has made a bold declaration—that Prime Minister Narendra Modi has “pledged” to stop buying Russian oil, Aime Williams and Andres Schipani report in Financial Times .
“Trump told reporters that Modi pledged in a phone call on Wednesday to halt the purchases, over which Washington had imposed an additional 25 per cent tariff in August. The levy applied on top of Trump’s 25 per cent so-called reciprocal tariff,” says the report.
Commerce secretary Rajesh Agrawal said there is “headroom” for India to purchase an additional quantity of US oil, while “maintaining a diversity of sources.” Show Full Article
However, pivoting away from Russian oil is no mean feat as the move poses various logistical challenges.
“A full-stop on Russian crude would invo