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Investing.com-- U.S. President Donald Trump said on Wednesday that Indian Prime Minister Narendra Modi told him that the country will wind down its buying of Russian oil amid pressure from Washington over Moscow’s war with Ukraine.
“I was not happy that India was buying oil, and he (Modi) assured me today that they will not be buying oil from Russia,” Trump told reporters during an event at the White House, adding that India will gradually reduce its oil buying.
Trump added that he would try to get China to do the same, amid growing mounting criticism of New Delhi and Beijing for buying Russian crude and allegedly funding Russia’s war effort.
“All we want from President Putin is to… stop killing Ukraines, stop killing Russians. It doesn’t make him look good,” Trump said.
India and Russia are the two largest buyers of Russian oil, as they took advantage of discounted prices Russia had been forced to offer after Western buyers ceased purchases over Russia’s invasion of Moscow in 2022.
Trump had lambasted India and China over their buying, and had in August slapped India with a 50% trade tariff.
Trump’s announcement comes just days after his pick for Indian ambassador, Sergio Gor, met Modi in India.
India will likely have to buy oil at higher prices from other importers. But an ongoing rout in oil prices is expected to lessen this blow.