https://www.taxtmi.com/news?id=69946 India agreed to stop purchasing Russian oil and to direct substantial purchases to the United States (and potentially Venezuela), alongside a reported USD 500 billion commitment to buy U.S. energy, transportation, and agricultural products. The announced arrangement includes reciprocal tariff adjustments-U.S. tariffs on India set at 18% and India reducing tariffs and non-tariff barriers on U.S. exports to zero-and links sovereign procurement shifts with large-scale commercial and investment commitments. en-us Wed, 04 Feb 2026 09:46:03 +0530 Wed, 04 Feb 2026 09:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=69946 India agreed to stop purchasing Russian oil and to direct substantial purchases to the United States (and potentially Venezuela), alongside a reported USD 500 billion commitment to buy U.S. energy, transportation, and agricultural products. The announced arrangement includes reciprocal tariff adjustments-U.S. tariffs on India set at 18% and India reducing tariffs and non-tariff barriers on U.S. exports to zero-and links sovereign procurement shifts with large-scale commercial and investment commitments. News - Wed, 04 Feb 2026 09:46:03 +0530 https://www.taxtmi.com/news?id=69946