Business & Economics

Kremlin Rebuts Trump’s Claim of Indian Exit from Russian Oil

On 5 Feb 2026 Moscow publicly stated it has received no notice from New Delhi to curtail Russian crude purchases, directly contradicting U.S. President Donald Trump’s assertion that India agreed, under a new trade deal, to stop buying Russian oil.

By Tomás Rydell

Focusing Facts

  1. Kremlin spokesman Dmitry Peskov (5 Feb 2026) said “no statements from India” were received about ending Russian oil imports.
  2. India’s Russian crude intake fell to ≈1.1 – 1.3 million bpd in Jan 2026, down from >2 million bpd in mid-2025 (Kpler data).
  3. Over 20 million barrels of Russian oil were parked in tanker storage near India in early Feb 2026, signalling continued supply flows.

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Perspectives in this article

  • Russian government & Indian media outlets amplifying Kremlin statements
  • Pro-Trump / U.S.–oriented business press
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