Displaying items by tag: Russian oil

Claims of a major shift in global energy politics emerged after Donald Trump announced plans to cut tariffs on Indian exports. Trump said he had agreed a trade deal with Narendra Modi in which India would stop buying Russian oil, a move he argued could help bring an end to the war in Ukraine. India has been one of Russia’s largest customers since 2022, benefiting from discounted prices as Western nations reduced purchases. While Modi welcomed the tariff reductions and spoke positively about peace, he did not publicly confirm any pledge to halt Russian oil imports. India remains heavily dependent on overseas energy and has emphasised diversification rather than abrupt change. It has already started to cut back on buying Russian oil, even though Moscow insists supplies remain uninterrupted. For an insight on India’s shifting relationship with Russia, see

India’s opposition Congress party has criticised Narendra Modi after renewed US warnings linking higher tariffs on Indian exports to continued purchases of Russian oil. Jairam Ramesh argued that a personality-driven foreign policy has failed to shield India from economic pressure. He said highly publicised displays of personal rapport with US leadership have not prevented repeated threats over trade and energy. Congress claims years of diplomacy have delivered few tangible benefits, leaving India vulnerable to sudden shifts in US policy. The criticism comes as Washington increases pressure on countries buying Russian energy amid ongoing geopolitical tensions. The government insists that purchasing discounted Russian oil is a sovereign decision needed for energy security and compliant with sanctions. While officials highlight strong defence, technology and trade ties with the US, critics warn that overreliance on personal chemistry weakens institutional diplomacy.

Donald Trump has granted Hungary a one-year exemption from US sanctions on Russian oil and gas purchases, marking a diplomatic win for Viktor Orbán. The move followed Orbán’s visit to Washington, where Trump expressed sympathy for Hungary’s dependence on Russian energy as a landlocked nation. The decision contrasts sharply with Trump’s recent threats to penalise countries doing business with sanctioned Russian energy firms. In return, Hungary agreed to buy hundreds of millions of dollars’ worth of US natural gas. While the arrangement may ease Hungary’s energy pressures, it risks deepening tensions within the EU, where many leaders oppose Orbán’s continued cooperation with Moscow. Trump praised Orbán’s leadership and hinted at shared goals for ending the war in Ukraine, underscoring their close personal and political alliance amid growing divisions over energy, sanctions, and peace strategy in Europe.