US insists India halt Russia oil purchases to secure trade deal
India said it held “constructive meetings” with the US this week on a trade deal, although Washington’s demand that New Delhi stop buying Russian oil is weighing on the negotiations.
US trade negotiators made it clear to their Indian counterparts that resolving the Russia issue was crucial to reducing India’s tariff rate and sealing a trade deal, a person familiar with the matter said, asking not to be identified because the discussions are private. While the negotiations this week were positive, they failed to yield any significant breakthroughs, the person said.
