US negotiators have said curbing India’s Russian crude purchases would be crucial to reducing its tariff rate and sealing a trade deal.
Indian refiners are looking to buy at least 10pc of their liquefied petroleum gas needs from the US to help narrow India’s bilateral trade surplus, sources told Reuters this week.
Russia accounted for 36pc of India’s oil imports, some 1.75m barrels per day, in the six months through September, trade data shows.
Moscow said on Thursday it was confident its energy partnership with India would continue.
Kremlin spokesman Dmitry Peskov said Russia could supply oil more cheaply to countries that Trump is trying to persuade to stop buying Russian oil.
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