India agrees to stop buying Russian oil and that’s good news for Nigeria

President Donald Trump has said Indian Prime Minister Narendra Modi has agreed to stop buying Russian oil, as the US seeks to put economic pressure on the Kremlin as part of efforts to end the war in Ukraine.

Trump told reporters he had received assurances from Modi that India would halt its purchases “within a short period of time”, which he called “a big stop”. That when it happens could be boon to Nigeria which used to be major supplier of oil to India
The US president has sought to leverage India’s purchases of Russian oil in his trade war, but Delhi has so far resisted.
Reacting to the Trump remarks, an Indian government spokesman said discussions were “ongoing” with the US administration which had “shown interest in deepening energy co-operation with India”.
“Our consistent priority to safeguard the interests of the Indian consumer in a volatile energy scenario. Our import policies are guided entirely by this objective,” the spokesman said.
Oil and gas are Russia’s biggest exports, and Moscow’s biggest customers include China, India and Turkey.
“Now I’ve got to get China to do the same thing,” Trump said in the Oval Office on Wednesday, as part of his administration’s broader push to cut off Moscow’s energy funding.
The Trump administration is also pushing Japan to stop importing oil and gas from Russia, and US Treasury Secretary Scott Bessent said he communicated this “expectation” to visiting Japanese Finance Minister Katsunobu Kato on Wednesday.
India cannot “immediately” halt oil shipments, Trump said, adding that the shift will be “a little bit of a process, but the process is going to be over with soon”.

The Trump administration has imposed 50% tariffs on goods from India, levies that Trump has characterised as punishment against Delhi for buying Russian oil and weapons.

The tariffs – which took effect in August and are among the highest in the world – include a 25% penalty for transactions with Russia that are a key source of funds for its war in Ukraine.

Modi has for months stood his ground, arguing that India is neutral in the Russia-Ukraine war despite his country’s ties with Russian leader Vladimir Putin.