- India is diversifying away from Russian oil, says US trade representative Jamieson Greer
- Greer said India is a sovereign nation and the US isn't trying to dictate their relations with other countries
- US imposed a total 50% tariffs on India for having trade relations with Russia and also buying their oil
Amid ongoing US efforts to persuade India to scale back its energy trade with Moscow, President Donald Trump's trade representative, Jamieson Greer, has said New Delhi is already taking steps to diversify away from Russian oil.
Speaking at the Economic Club of New York, Greer described India as "pragmatic".
"India is a sovereign country. They control their own decisions. We aren't trying to dictate their relations with other countries. The Indians are pragmatic and I think they're already diversifying away from Russian oil," said Greer to journalist Maria Bartiromo.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
"India is a sovereign country. They control their own decisions. We aren't trying to dictate their relations with other countries. The Indians are pragmatic and I think they're already diversifying away from Russian oil," says Trump's Trade Representative Jamieson Greer pic.twitter.com/7uc7eIJ6MA
October 4, 2025
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
"I Am A Material Man In A Material World': Quantum Advisors' Ajit Dayal On NDTV Profit IgniteGreer's remarks came just days after Russian President Vladimir Putin warned that US attempts to pressure India and China into curbing ties with Russia could economically backfire.
Addressing the Valdai discussion forum in southern Russia, Putin cautioned that India would lose out if it refused Russian energy supplies. "If India refuses our energy supplies, it will suffer a certain loss… people in India will never allow any humiliation in front of anyone," he said, praising Prime Minister Narendra Modi's leadership.
Trump's administration imposed a 25% tariff on Indian imports in August 2025, plus additional penalties for Russian oil purchases, aiming to pressure nations to isolate Russia amid the Ukraine conflict, as confirmed by recent US-India trade talks.
No Sanctions on Russian Crude Oil
Last month, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said that there are no sanctions on the purchase of Russian crude oil, and the world will face serious consequences if the supplies are disrupted.
The comments have come against the backdrop of the US imposing punitive duties of 25% on India, in addition to 25% tariffs, for purchasing crude oil and arms from Russia. Speaking with reporters, Puri had said that Russia is the second-largest supplier of crude globally at nearly 10 million barrels a day, and warned that the world will face serious consequences if supplies are disrupted.
This is the reason why the world is not imposing sanctions on Russian oil, the career diplomat-turned-politician said. He also stated that many countries, including Turkey, Japan, and the European Union, purchase oil from Russia.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.





