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'Closer to US deal post talks'
Financial Express Bengaluru
|October 19, 2025
"THERE HAS BEEN progress with every round of the talks with the US, There are no major differences left. In the current round the engagement was positive,’ the official added, requesting anonymity.
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These comments come in the backdrop of Washington’s repeated claims of an assurance from India to phase out import of crude oil from Russia. India has merely said it is willing to increase energy imports from Russia, in its bid to diversify sourcing, while being mindful of costs. The US currently levies an additional 50% tariff on most Indian goods, half of which as a penal impost for buying oil from Russia.
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