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India commits to halt Russian oil purchases, pledges $500 billion investment in U.S.: White House
India has committed to no longer purchasing oil from Russia and has announced plans to make investments worth $500 billion in the United States, the White House said on Tuesday.
According to the official statement, the move reflects a deepening of strategic and economic ties between India and the United States, alongside a broader alignment on global energy security and geopolitical stability.
The White House added that the proposed investments are expected to span key sectors including energy, technology, manufacturing, and infrastructure, strengthening bilateral cooperation and supporting long-term economic growth.
While specific timelines and sector-wise allocations were not immediately disclosed, officials indicated that discussions are ongoing at the highest levels to formalize the investment roadmap.
The announcement comes amid continued international pressure on Russia over its energy exports and marks a significant shift in India’s energy procurement strategy.
Vanity Stardom will continue to track developments and provide updates as more details emerge.