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A New Oil Shock Is Forming After Trump Announces That India May Abandon Russia In Exchange For A Billion-Dollar Deal With The USA

Written by Rannyson Moura
Published on 03/02/2026 at 10:10
Updated on 03/02/2026 at 10:12
A Rússia diz que não foi informada sobre o fim das compras de petróleo pela Índia, mesmo após Donald Trump anunciar um acordo que promete virar o mercado global de energia de cabeça para baixo.
A Rússia diz que não foi informada sobre o fim das compras de petróleo pela Índia, mesmo após Donald Trump anunciar um acordo que promete virar o mercado global de energia de cabeça para baixo.
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Russia Says It Was Not Informed About India Ceasing Oil Purchases, Even After Donald Trump Announced An Agreement That Promises To Turn The Global Energy Market Upside Down.

The oil has once again taken center stage in the world. This time, the reason was not a war or a crisis in the Middle East, but an announcement made in Washington that provoked an immediate reaction in Moscow.

Russia stated on Tuesday (3) that it has not received any official notice from India regarding the suspension of oil purchases.

The declaration came after United States President Donald Trump stated that Indian Prime Minister Narendra Modi had agreed to cut energy ties with the Russians as part of a new trade deal.

Russia Reacts and Says There Was No Notice from India

The Kremlin spokesperson, Dmitri Peskov, was straightforward while speaking to the press. “So far, we have not heard any statement from New Delhi on the matter,” he said.

In other words, for Moscow, nothing has changed. There has been no letter, statement, or formal indication that India intends to stop purchasing Russian oil, even after Trump’s announcement.

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On Monday (2), the United States President made an announcement that shook the markets. According to him, India had agreed to stop purchasing oil from Russia as part of a deal to ease trade tariffs.

The statement was posted on Truth Social. India “has agreed to stop purchasing Russian oil and acquire much more from the United States and, eventually, Venezuela,” Trump wrote after a phone call with Modi.

Furthermore, the American president stated that India will reduce its tariff and regulatory barriers to “zero” and will purchase “more than $500 billion” in products from the United States.

Modi Talks About “Wonderful” Conversation, But Doesn’t Mention Oil

Shortly after Trump’s announcement, Narendra Modi confirmed the contact between the two leaders. However, the tone was different.

He stated that he had a “wonderful” phone conversation with Trump and thanked him for reducing American tariffs on Indian products to 18%. However, he did not mention at any point the cessation of oil purchases from Russia.

This silence fueled doubts and opened the door for conflicting interpretations of what was really agreed upon.

The topic is sensitive because the numbers are high. In 2024, 36% of all oil imported by India came from Russia. This means that more than a third of the energy driving the Indian economy depends on Moscow.

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Prior to that, Trump had already been pressuring. In April last year, he announced a 25% tariff on all Indian products. Then, in August, he added another 25% on various items, claiming that New Delhi continued to purchase Russian oil.

According to a White House source, this 25% increase will now be eliminated as part of the new understanding between the two countries.

Do you think India will really give up Russian oil because of an agreement with the United States?

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olavo
olavo
03/02/2026 10:28

Daria para escrever essa reportagem em um parágrafo. Extremamente repetitiva.

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Rannyson Moura

Holds a degree in Advertising and Marketing from UERN; a master's in Social Communication from UFMG; and is a PhD candidate in Language Studies at CEFET-MG. He has worked as a freelance writer since 2019, with articles published on websites such as Baixaki, MinhaSérie, and Letras.mus.br. Academically, his work has been published in books and presented at industry events. Among his research topics, a notable interest is in the publishing market, approached from a perspective that considers different social markers.

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