India Faces Headwinds Buying Russian Oil
February 21, 2026·3 days ago·via The New York Times
President Trump delivers a major win for America First energy policy as India slashes Russian crude imports amid tough U.S. tariffs and trade deals. After imposing 25% tariffs on Indian exports tied to Russian oil, Trump announced a new agreement where PM Modi commits to halting purchases, boosting U.S. and Venezuelan supplies instead. Secretary Rubio confirms India's pledge at Munich, while refineries like Jamnagar pause Russian shipments due to OFAC sanctions on Rosneft and Lukoil.
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