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US and India Negotiate Oil Shift from Russia to Venezuela

2/20/2026

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Summary

Story summary

The United States, via U.S. Ambassador Sergio Gor, negotiates with India to shift oil imports from Russia to Venezuela.
This follows U.S. licenses for Venezuelan oil after the kidnapping of Nicolas Maduro.
An interim India–U.S. trade deal is to be finalized in Washington on February 23, 2025, with plans for April 2025.
The agreement reduces India's tariff burden, though India has not committed to cease Russian oil imports.

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Story summary

The United States, via U.S. Ambassador Sergio Gor, negotiates with India to shift oil imports from Russia to Venezuela.
This follows U.S. licenses for Venezuelan oil after the kidnapping of Nicolas Maduro.
An interim India–U.S. trade deal is to be finalized in Washington on February 23, 2025, with plans for April 2025.
The agreement reduces India's tariff burden, though India has not committed to cease Russian oil imports.