Published by Global Banking and Finance Review
Posted on February 3, 2026
2 min readLast updated: February 3, 2026

Published by Global Banking and Finance Review
Posted on February 3, 2026
2 min readLast updated: February 3, 2026

Kremlin denies India's halt on Russian oil imports despite US claims. Russia values its strategic partnership with India.
MOSCOW, Feb 3 (Reuters) - The Kremlin said on Tuesday it had heard no statements from India about halting purchases of Russian oil after U.S. President Donald Trump said New Delhi had agreed to stop such purchases as part of a trade accord with Washington.
U.S. President Donald Trump announced a trade deal on Monday with India that slashes U.S. tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade barriers.
Kremlin spokesman Dmitry Peskov said Russia was carefully analysing Trump's remarks on relations with India.
Asked directly if India had decided to stop buying Russian oil, Peskov said: "So far, we have not heard any statements from Delhi on this issue."
"We respect bilateral U.S.-Indian relations," Peskov told reporters. "But we attach no less importance to the development of an advanced strategic partnership between Russia and India.
"This is the most important thing for us," he said, "and we intend to further develop our bilateral relations with Delhi."
India became the top buyer of discounted Russian seaborne crude after Moscow's war in Ukraine began in 2022. That generated a backlash among Western nations that have targeted Russia's energy sector with sanctions aimed at curbing Moscow's revenues to make it harder to fund the war.
(Reporting by Dmitry Antonov; writing by Lucy Papachristou; editing by Guy Faulconbridge)
The main topic is the Kremlin's response to claims that India will halt Russian oil imports as part of a US trade deal.
Trump announced a trade deal with India that includes halting Russian oil purchases and reducing US tariffs on Indian goods.
Russia values its strategic partnership with India and has not heard any official statement from India about stopping oil imports.
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