Moneycontrol PRO
HomeWorldTrump says ‘heard India halting Russian oil purchases’; welcomes it as ‘good step’

Trump says ‘heard India halting Russian oil purchases’; welcomes it as ‘good step’

Trump claimed India stopping Russian oil imports, days after imposing 25% tariffs over trade ties with Moscow.

August 02, 2025 / 06:25 IST
Trump says he heard India halted Russian oil purchases after tariff threat

US President Donald Trump has claimed that he had "heard" reports of India halting Russian oil imports, hailing it as a "good step".

"I understand that India is no longer going to be buying oil from Russia. That's what I heard, I don't know if that's right or not. That is a good step. We will see what happens," Trump mentioned.


Earlier this week, Trump criticized India for what he described as unfair trade practices, citing its substantial purchases of Russian oil and military equipment. This followed his decision to impose a 25% tariff on Indian goods, along with a warning of further penalties if New Delhi continues its defense and energy dealings with Moscow.

“INDIA WILL THEREFORE BE PAYING A TARIFF OF 25%, PLUS A PENALTY FOR THE ABOVE, STARTING ON AUGUST FIRST,” he wrote on Wednesday on Truth Social..

Moneycontrol World Desk
first published: Aug 2, 2025 06:25 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347