Thai deputy prime minister Phiphat Ratchakitprakarn announced the country has discussed with the Russian government the possibility of purchasing crude oil.

A ruling rejecting former President Trump's tariff policy makes efforts to use tariffs to prevent India from buying Russian oil more difficult.

Indian oil refiners are avoiding new orders for Russian oil deliveries from April, as Washington and New Delhi advance a trade agreement.

A day after President Trump stated India agreed to stop purchasing Russian oil, the Kremlin announced it had not received this information from New Delhi.

India could face an additional cost of 11 billion USD annually if it ceases purchasing Russian oil, increasing budget pressure on Moscow and accelerating crude oil prices.

The US president just announced a trade agreement with India, including a reduction in import tariffs from 50% to 18% and New Delhi halting purchases of Russian oil.