New Delhi, Aug. 4 -- US President Donald Trump's claim that India is buying massive amounts of Russian oil and selling it on the open market for big profits "is factually incorrect and misleading," think tank GTRI has said, noting that a key reason New Delhi stepped up Russian oil purchases was to help stabilize global oil markets after Western sanctions disrupted traditional supply chains.

In his comments came soon after Trump said that the United States will "substantially raise" the tariff paid by India for buying "massive amounts of Russian Oil" much of which is "being sold in open market", Global Trade Research Initiative (GTRI) Founder Ajay Srivastava Trump has targeted India but China buys more Russian oil.

"Mr Trump's decision t...