India will preserve buying oil from Russia regardless of President Trump’s threats of penalties, two Indian authorities sources instructed Reuters on Saturday, not wishing to be recognized because of the sensitivity of the matter.

On high of a brand new 25% tariff on India’s exports to the US, Trump indicated in a Truth Social publish final month that India would face further penalties for purchases of Russian arms and oil.

On Friday, Trump instructed reporters he had heard that India would not be shopping for oil from Russia.

President Trump spoke with reporters earlier than boarding Marine One on Friday. AP

But the sources stated there can be no speedy adjustments.

“These are long-term oil contracts,” one of many sources stated….



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