Donald Trump is putting more pressure on India to slash its Russian oil purchases. This could deprive Moscow of vital revenue, but it will mostly just push more Russian oil into an increasingly large shadow market.

India has indicated that it would continue buying oil from Russia despite threats by U.S. President Donald Trump. The Indian foreign

President Donald Trump says Indian Prime Minister Narendra Modi has personally assured him that India will stop buying Russian oil.

U.S. President Donald Trump reiterated on Sunday that Indian Prime Minister Narendra Modi told him India will stop buying Russian oil, while warning that New Delhi would continue paying "massive" tariffs if it did not do so.

The shadow fleet of unmarked tankers evading international sanctions to deliver Russian crude to India and China is straining trade talks.

NEW DELHI (AP) — India says it is looking to step up purchases of crude oil and natural gas from the U.S. as it diversifies its energy supplies and confronts criticism by U.S. President Donald Trump over its imports of discounted Russian oil.

By Jarrett Renshaw and Nidhi Verma WASHINGTON/NEW DELHI (Reuters) -India has halved its purchases of Russian oil, a White House official said, but Indian sources said no immediate reduction had been seen,

India has begun settling some payments for Russian oil in Chinese yuan, though most transactions are still conducted in roubles, Russia's Deputy Prime Minister Alexander Novak said on Wednesday."I am aware that such payments have started.