Kremlin Says India Hasn't Confirmed Oil Cutoff As Modi Govt Mute, Hasn't Ratified

Donald Trump announced a new US-India trade deal on Truth Social, reducing tariffs on Indian exports. This deal, according to Trump, hinges on India ceasing its Russian oil purchases. The Kremlin responded, stating they haven't received confirmation from India regarding the oil purchases. Moscow is closely monitoring the situation while respecting US-India relations. They emphasized their commitment to their strategic partnership with India through continued development of bilateral ties. Trump's announcement came after a phone call with Indian Prime Minister Narendra Modi. India's silence on the matter has raised questions about the deal's specifics. The situation has led to speculation that Trump's statements may have been premature to exert pressure on Modi. The Rabobank commentary also noted the trade deal and its impact on China and Europe's trade ambitions. The US is expected to insist on no-transshipment rules, which may cause friction with Chinese goods.