Indian refiners avoid Russian oil in push for US trade deal

Indian refiners are avoiding Russian oil purchases for delivery in April and are expected to stay away from such trades for longer, refining and trade sources said, a move that could help New Delhi seal a trade pact with Washington.

Reuters • 12 hours ago

India-US trade deal gives tariff-free access to Harley bikes, no reprieve for Tesla

India will slash tariffs on high-end American cars to 30% from as high as 110% and eliminate duties on Harley-Davidson bikes under an interim trade pact, an official said, but will not make concessions for electric vehicles, a move that pointedly leaves Tesla out.

Reuters • Feb 7, 2026

US, India reach interim trade deal lowering tariffs on both countries' goods and agricultural products

A major trade breakthrough comes as the U.S. and India agree to cut tariffs on goods, with India committing to $500 billion in American purchases over five years.

Fox Business • Feb 7, 2026

CNBC's Inside India newsletter: The facts — and frictions — of the U.S.-India trade deal

The U.S. has slashed tariffs on Indian goods to 18% from 50%, a move which New Delhi has welcomed. Washington said that India will cut tariff on U.S. goods to zero, replace Russian crude oil with U.S. supply, open farm market and buy more American goods.

CNBC • Feb 5, 2026

India's Russian oil imports down 9% in Jan/Dec amid US-India trade talks

India's Russian oil imports slipped in January, continuing a downturn that began in December as refiners sought more alternative barrels under Western sanctions pressure and ongoing U.S.–India trade talks, Reuters sources said and data showed.

Reuters • Feb 4, 2026

Trump says India won't buy Russian oil anymore. Moscow insists India hasn't said that

Trump announced that a trade deal had been reached with India, claiming that New Delhi would stop buying Russian oil as part of the agreement. India has not commented on that, and Russia said it has received no word from New Delhi about halting oil purchases.

CNBC • Feb 4, 2026

'Devil in the details': India-U.S. deal raises hopes for a reset — but the fine print remains unclear

U.S.-India announce trade framework, but details and timeline remain unclear. Trump claims major Indian concessions, while Modi sidesteps the Russian oil issue.

CNBC • Feb 3, 2026

Here's who analysts expect to gain from India's U.S. and EU trade deals

Monday's U.S.-India trade deal lowers U.S. tariffs on Indian exports to 18%. The pact follows India's landmark agreement with the EU last week, dubbed "the mother of all deals".

CNBC • Feb 3, 2026

India says it will stop buying Russian oil. Shadow fleet vessels are still unloading sanctioned crude at its ports

Kpler data shows four Russian shadow fleet tankers unloading sanctioned oil in India. On Monday, President Trump said India had agreed to a trade deal that included a promise to stop buying Russian crude.

CNBC • Feb 3, 2026

Why India Will Struggle to Reduce Its Reliance on Russian Oil

India relies on Russia for roughly a third of its oil imports, up from just 2% before Russia invaded Ukraine in early 2022.

WSJ • Feb 4, 2026