【Regarding Russian oil exports, Trump and Modi may announce a major agreement】
An Indian financial newspaper cited three informed sources in New Delhi, saying that the US and India are approaching a trade agreement, with the US possibly directly reducing tariffs on Indian goods to 15% to 16%, in exchange, India will agree to gradually reduce its imports of oil from Russia and expand its imports of American agricultural products. On October 26, the ASEAN Summit will open in Malaysia, and Modi and Trump, attending the meeting, will take this opportunity to meet and formally announce this trade agreement together. On October 21, Trump reiterated at the White House: he had just ended a call with Modi, who had told him that he would no longer purchase Russian oil.
Previously, when Trump announced this matter, the Indian authorities gave rather vague responses: "no news, don't know, unclear", and Reuters found during its investigation that Indian refineries had not received any government notice to purchase Russian oil. However, based on the current disclosed information, it seems that Trump is not bluffing.
The new Delhi side has not yet officially confirmed whether it will limit the import of Russian oil, but informed sources revealed that due to domestic politics and Sino-Indian relations, the Modi government will not directly issue instructions to reduce the purchase of Russian oil, but may make some hints privately. At present, India's state-owned oil refiners have already hinted at reducing their purchases of Russian oil. In addition, Reliance Industries, the largest buyer of Russian oil in India, has turned to the Middle East for oil procurement.
However, the main factor for India's purchase of Russian oil is the discount offered by the latter. It is unclear whether India will ask the US for additional compensation for this loss.
Original: www.toutiao.com/article/1846664981432331/
Statement: This article represents the views of the author himself.