Pakistan, Feb. 4 -- Russia risks a major drop in oil revenue if India halts Russian crude purchases, analysts say. Losing its second-largest buyer would force Moscow to cut prices to attract new customers. U.S. President Donald Trump claims Indian Prime Minister Narendra Modi agreed to curb Russian oil imports under a trade deal.

Trump on Monday reduced U.S. tariffs on Indian goods, saying the pact included stopping oil imports from Russia. India, however, has continued buying Russian crude, citing energy security and affordable supplies. Kremlin officials maintain energy cooperation with India remains strong after Putin's December 2025 visit.

Despite this, Indian refiners are gradually reducing Russian imports, already hurting Moscow's...