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Why the US-India Trade Deal Hinges on Russian Oil - Big Take Asia
Feb 19, 2026 Big Take Asia
This week, the US and India announced a surprise new trade deal that slashes tariffs on Indian goods. It has one major possible catch: a commitment from India to stop buying cheap Russian oil — which will be easier said than done.
On today's Big Take Asia Podcast, Bloomberg’s Sudhi Ranjan Sen joins host Oanh Ha to break down the deal and explain what it means for India’s economy and its relationships with the US, Russia and China.
This week, the US and India announced a surprise new trade deal that slashes tariffs on Indian goods. It has one major possible catch: a commitment from India to stop buying cheap Russian oil — which will be easier said than done.
On today's Big Take Asia Podcast, Bloomberg’s Sudhi Ranjan Sen joins host Oanh Ha to break down the deal and explain what it means for India’s economy and its relationships with the US, Russia and China.
Full transcript