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Trump says India's Modi has pledged to stop buying Russian oil

France 24•Thursday, October 16, 2025 at 9:07:50 AM
PositiveFinancial Markets
Trump says India's Modi has pledged to stop buying Russian oil
In a significant diplomatic move, US President Donald Trump announced that Indian Prime Minister Narendra Modi has pledged to halt the purchase of Russian oil. This decision comes amid rising American tariffs affecting Indian exports, highlighting the evolving trade dynamics between the two nations. Additionally, Treasury Secretary Scott Bessent hinted at a potential easing of tensions in the US-China trade war, while Argentina grapples with the impacts of President Javier Milei's free-market policies. This development is crucial as it reflects shifting alliances and economic strategies in a complex global landscape.
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