File picture of Kremlin spokesman Dmitry Peskov
| Photograph Credit score: Reuters
Russia has not acquired any statements from India about stopping Russian oil purchases, Kremlin spokesman Dmitry Peskov mentioned on Tuesday (February 3, 2026).
Mr. Peskov additionally mentioned that Russia intends to proceed to develop its relations with India in each doable means, in line with Russian media studies.
India-U.S. commerce deal LIVE
His feedback got here a day after U.S. President Donald Trump claimed that Prime Minister Narendra Modi has “agreed to cease shopping for Russian Oil, and to purchase far more from america and, doubtlessly, Venezuela.”
“Moscow has not but acquired any statements about India halting purchases of oil,” Peskov was quoted as saying by the Russia media.
In a submit on Fact Social, Mr. Trump, who spoke with Prime Minister Modi, on Monday (February 2, 2026) introduced that India and the U.S. agreed to a commerce deal beneath which Washington will cost a lowered reciprocal tariff on Delhi, decreasing it from 25% to 18%.
Mr. Trump final 12 months imposed 50% tariffs on India, among the many highest on this planet, together with 25% levies for its purchases of Russian vitality.
India buys about 88% of its crude oil, which is transformed into fuels like petrol and diesel, from abroad.
Russian oil made up hardly 0.2% of all crude oil that India imported until 2021. India, the world’s third-largest oil importer, turned the most important purchaser of discounted Russian crude after Western international locations shunned Moscow following its February 2022 invasion of Ukraine.
India’s import of Russian crude oil dropped to round 1.1 million barrels per day within the first three weeks of January, from a median of 1.21 million bpd within the earlier month and over 2 million bpd imports in mid-2025, in line with information from real-time analytics firm Kpler.
Iraq is now supplying nearly the identical volumes as Russia, up from a median of 9,04,000 bpd in December 2025, in line with Kpler.
Volumes from Saudi Arabia too have risen to 9,24,000 bpd in January, from 7,10,000 bpd in December and lows of 5,39,000 bpd in April 2025.
Printed – February 03, 2026 04:38 pm IST