Trump says India will halt Russian oil. But that's unlikely
Trump: India will halt Russian oil purchases as part of trade deal.
Peskov: No word from New Delhi on halting Russian oil.
Refiner Executive: No government order to stop Russian oil.
Russian oil sellers offer up to $12 discount per barrel.
Kpler Analyst: Trade Deal Unlikely to Reduce Russian Oil Imports.
That's the full story.
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Why this matters
New Delhi: US President Donald Trump has claimed that India has agreed to stop Russian oil purchases as part of a long-pending bilateral trade deal, but analysts and refiners said that an immediate, abrupt halt is unlikely. "The India–US trade deal announced on 2 February is unlikely to result in a near-term reduction in India’s Russian crude imports. Ritolia said that despite a recent moderation in purchases (higher Middle East crude volumes have offset declining Russian imports), India is unli
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