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What is the story about?
While removing the 25% tariff on Indian exports, the US had said that it would monitor India's future crude oil imports from Russia.
India's Commerce and Industry Minister Piyush Goyal said that the issue is not part of the trade deal, instead it is being handled by the Ministry of External Affairs under S Jaishankar.
"The question is best answered by the foreign office because I wouldn't know exactly what they mean by this comment, and whether any discussions have been held," he added.
The latest trade pact has been enabled by India scaling down its oil imports, as demanded by the US President looking to bring the war in Ukraine to an end by squeezing Russia's oil revenues.
Russian crude deliveries to India slipped to about 1.12 million barrels a day, down from 1.2 million in December and the lowest level since November 2022, according to vessel-tracking data compiled by Bloomberg.
Meanwhile, India's oil imports from the US increased 31% to $569.3 million in December 2025 compared to a year earlier.
On Feb 5, India’s Ministry of External Affairs (MEA) reiterated that New Delhi remains open to exploring the commercial merits of any new crude supply options, including from Venezuela, as part of its broader strategy to diversify energy sources and secure supplies for 1.4 billion people.
Read more: Exclusive| Piyush Goyal reveals new US tariffs likely to kick in next week
India's Commerce and Industry Minister Piyush Goyal said that the issue is not part of the trade deal, instead it is being handled by the Ministry of External Affairs under S Jaishankar.
"The question is best answered by the foreign office because I wouldn't know exactly what they mean by this comment, and whether any discussions have been held," he added.
The latest trade pact has been enabled by India scaling down its oil imports, as demanded by the US President looking to bring the war in Ukraine to an end by squeezing Russia's oil revenues.
Russian crude deliveries to India slipped to about 1.12 million barrels a day, down from 1.2 million in December and the lowest level since November 2022, according to vessel-tracking data compiled by Bloomberg.
Meanwhile, India's oil imports from the US increased 31% to $569.3 million in December 2025 compared to a year earlier.
On Feb 5, India’s Ministry of External Affairs (MEA) reiterated that New Delhi remains open to exploring the commercial merits of any new crude supply options, including from Venezuela, as part of its broader strategy to diversify energy sources and secure supplies for 1.4 billion people.
Read more: Exclusive| Piyush Goyal reveals new US tariffs likely to kick in next week
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