President Donald Trump has said Indian Prime Minister Narendra Modi has agreed to stop buying Russian oil, as the US seeks to put economic pressure on the Kremlin as part of efforts to end the war in Ukraine.
Trump told reporters he had received assurances from Modi that India would halt its purchases “within a short period of time”, which he called “a big stop”.
The US president has sought to leverage India’s purchases of Russian oil in his trade war, but Delhi has so far resisted.
I don’t think the government will risk significant increases in fuel prices on the eve of the Bihar elections. On the other hand, it is quite possible that they agree to stop buying Russian oil from Russia as a compromise - it could be bounced off a third country so we can technically agree to the US demands.