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.
Focusing Facts
- Kremlin spokesman Dmitry Peskov (5 Feb 2026) said “no statements from India” were received about ending Russian oil imports.
- 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).
- Over 20 million barrels of Russian oil were parked in tanker storage near India in early Feb 2026, signalling continued supply flows.
Context
Major powers have long tried to weaponise energy ties—recall the 1973 Arab oil embargo that sought political concessions or the 1980s U.S. sanctions pressuring European companies over Soviet pipelines. Trump’s announcement follows that tradition, linking tariffs to India’s crude choices. Yet India’s post-1947 doctrine of “strategic autonomy” echoes the Non-Aligned Movement era, resisting binary alignments even under Cold-War or 2022 Ukraine-era sanctions. Structurally, the episode underlines two century-scale trends: (1) Asia’s rise as the demand center—India is on track to be the world’s biggest oil importer by the 2040s—and (2) the fragmentation of global energy trade into sanction-carved blocs. Whether this spat matters a century from now depends on how fast India (and the world) transition away from oil; if electrification accelerates, today’s tanker chess may resemble the obsolete coal politics of 1914. For now, however, the Kremlin’s swift rebuttal and the physical reality of Urals-grade compatibility with Indian refineries show that tweets and tariffs cannot instantly reroute the physics of hydrocarbons.
Perspectives
Russian government & Indian media outlets amplifying Kremlin statements
Russian government & Indian media outlets amplifying Kremlin statements — They insist India’s recent talk of diversifying suppliers is routine and that New Delhi has given no pledge to halt Russian crude purchases despite President Trump’s claim. By stressing business-as-usual they protect Moscow’s export reputation and reinforce India’s strategic-autonomy narrative, glossing over data that shows Indian refiners have already trimmed some Russian volumes.
Pro-Trump / U.S.–oriented business press
Pro-Trump / U.S.–oriented business press — They frame the new trade deal as a breakthrough that will push India to ramp up U.S. oil imports and sharply cut purchases from Russia. Echoing the White House victory lap, they risk overstating India’s technical ability and economic incentive to swap heavy Urals for lighter U.S. shale, leaning on political optics more than refinery realities.