Overview

• President Trump warned India on Oct. 19 that it would face "massive tariffs" if it keeps buying Russian crude, pressing for a halt in purchases.
• Trump repeated his claim that Prime Minister Narendra Modi pledged to stop the imports and told reporters he did not know why U.S. and Indian accounts differ.
• India’s Ministry of External Affairs has not confirmed any cutoff and says talks with the U.S. are ongoing, with consumer protection a priority in volatile energy markets.
• EU foreign ministers meeting in Luxembourg on Oct. 20 approved a measure to end Russian liquefied natural gas imports by the end of 2026.
• Both moves expand energy-related pressure on Moscow over its invasion of Ukraine by targeting revenue from Russian oil and gas.