Bloomberg named India's condition for refusing Russian oil.

India is willing to reduce its imports of Russian oil if US sanctions on two other suppliers—Iran and Venezuela—are lifted. Indian officials announced this during talks with the US, writesBLOOMBERG with reference to the source.

If it is not possible to purchase at the same timeOil from Russia, Iran and Venezuela will lead to a price hike, Indian negotiators warned.

In August, Trump imposed 25% tariffs on India for purchasing oil from Russia. The total tariff for New Delhi was 50%. Despite this, India continues to import crude oil from OPEC+ countries at lower prices.

The United States also called on the European Union to stop importing Russian energy products and replace them with American ones. On September 13, Trump sent a letter to NATO countries, stating that continued purchases of Russian oil weakened their negotiating position. The United States would impose "serious sanctions" against Russia if other members did the same.

G7 finance ministers plan to consider sanctions against India and China for purchasing Russian oil at their next meeting.

The Kremlin stated that US demands to end trade relations with Russia, including energy supplies, are illegal threats.

The US severed diplomatic relations with Caracas, imposed sanctions on PdVSA (Venezuela's state-owned oil and gas company), and closed its embassy in 2019, accusing President Nicolás Maduro of election fraud. In November 2022, the US Treasury eased the sanctions, and two years later, Trump revoked the permit for oil imports from Venezuela.

Regarding Iran, in July the US imposed the most extensive sanctions against the Islamic Republic in seven years. These targeted major oil trader Hossein Shamkhani, an adviser to Iran's Supreme Leader Ayatollah Ali Khamenei, as well as several of his UAE-based companies.

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