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IndiaUS Trade Talks Progress With Russian Oil Still the Sticking Point

US tariff relief is tied to cuts in Russian crude purchases, following constructive meetings on a near-term trade tranche.

Overview

  • India said talks will continue after Sept 22–24 meetings with USTR Jamieson Greer, with negotiators calling discussions productive.
  • Washington has tied tariff relief to meaningful cuts in Russian crude buying, and US officials said structured talks could yield progress within weeks.
  • The 50% US duty — a 25% reciprocal rate plus a 25% penalty linked to Russian oil — remains in force as the core hurdle to a near-term deal.
  • New Delhi signalled it could expand purchases of US energy and deepen cooperation across oil, LNG and nuclear, while US officials kept H‑1B visa policy separate from trade.
  • India’s Foreign Ministry rejected as factually incorrect NATO chief Mark Rutte’s claim that PM Modi phoned Vladimir Putin over the tariffs.