Trump Once Again Claims India 'Will Stop Buying Oil From Russia'

Last Updated:October 23, 2025, 04:30 IST

Donald Trump claimed Narendra Modi assured India will stop buying oil from Russia. US imposed sanctions on Rosneft and Lukoil amid efforts to end the Russia-Ukraine war.

US President Donald Trump (US Network Pool via Reuters)

US President Donald Trump on Wednesday again claimed Prime Minister Narendra Modi has assured that India will stop buying oil from Russia.

“India, as you know, has told me they are going to stop…it’s a process. You can’t just stop (buying oil from Russia). By the end of the year, they’ll be down to almost nothing; almost 40% of the oil. India, they’ve been great. Spoke to Prime Minister Modi yesterday. They’ve been absolutely great," Trump told reporters.

On sanctions on China with regard to its relationship with Russia, the US President said that Beijing has a “little bit different relationship with Russia".

“It was never good, but because of Biden and Obama, they got forced together. They should never have been forced together… They (China-Russia) can’t be friendly… I hope they are friendly, but they can’t be… Biden and Obama forced them together because of energy and oil. They are closer than they would normally be. I’ll probably be talking about it. What I’ll really be talking to him about is how do we end the war with Russia and Ukraine, whether it’s through oil or energy or anything else. I think he’s going to be very receptive," he added.

Earlier in the day, the US imposed sanctions on Russia’s two largest oil companies for funding “Kremlin’s war machine".

According to a statement by the Treasury Department, the sanctions have been imposed on Russia’s two largest oil companies, Open Joint Stock Company Rosneft Oil Company (Rosneft) and Lukoil OAO (Lukoil).

“The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) is imposing further sanctions as a result of Russia’s lack of serious commitment to a peace process to end the war in Ukraine. Today’s actions increase pressure on Russia’s energy sector and degrade the Kremlin’s ability to raise revenue for its war machine and support its weakened economy," it stated.

It said: “Rosneft is a vertically integrated energy company specializing in the exploration, extraction, production, refining, transport, and sale of petroleum, natural gas, and petroleum products. Lukoil engages in the exploration, production, refining, marketing, and distribution of oil and gas in Russia and internationally."

The department further stated that the US will continue to advocate for a peaceful resolution to the war, and a permanent peace depends entirely on Russia’s willingness to negotiate in good faith.

Later, President Trump told reporters: “Today is a very big day. Look, these are tremendous sanctions. These are very big. Those are against their two big oil companies… We hope that the war will be settled. We just answered having to do with the various forms of missiles and everything else that we’re looking at. But we don’t think that’s going to be necessary."

“We would like to see them just take the line that has been formed over quite a long period of time and go home. Last week they had almost 8,000 soldiers killed. Many Russians and Ukrainians were killed last week. We think it’s ridiculous and we’d like to have it end… I think they both want peace at this point. it’s almost four years… If I were president, it never would have started," he added.

Barely a week ago, US President Donald Trump announced that he and Russian President Vladimir Putin would meet in Budapest “within two weeks or so."

However, by Tuesday, the White House confirmed that the meeting would no longer take place.

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