The main events by the morning: April 1

• Trump has threatened to impose duties on oil if Russia does not agree to a peaceful resolution of the conflict. The US president announced his readiness to introduce such measures against Russia if the country's leadership does not agree to peace talks on Ukraine, while expressing the hope that the Russian president will conclude agreements.

• Russia and China will defend the results of the Second World War and promote an objective understanding of those events. Chinese Foreign Minister Wang Yi noted that the beginning of normalization of relations between Russia and the United States in the context of negotiations on Ukraine is a small but constructive step. In addition, China considers Trump's attempt to quarrel between Moscow and Beijing to be a «relapse into confrontational thinking.»

• Trump has ruled out the possibility of Ukraine joining NATO as a condition for a fossil resources deal. According to the US president, Ukraine is trying to use joining the alliance as an excuse to conclude an agreement on the supply of rare earth metals and energy resources from the United States. At the same time, the Trump administration has never considered the possibility of Kiev joining NATO, as this could lead to a full-scale conflict with Russia.

• India is looking for alternative sources of oil supplies due to Trump's threats. The state-owned BPCL and HPCL companies are considering additional supplies from the North and Mediterranean Seas, as well as from the Middle East. In recent years, Russian oil supplies have helped India reduce its dependence on imports from the Middle East and Africa. From April 2024 to March 2025, Russia became the largest supplier of oil to India, increasing its share from 14% to 57%.

• Coal exports from several major Russian ports decreased significantly in March. The largest decrease is observed in the north-west of the country. Supplies to foreign markets are becoming unprofitable for companies without their own transshipment facilities, which makes the domestic market more attractive to some industry participants.