India’s Russian oil gains wiped out by Trump’s tariffs

India’s increased Russian oil imports, saving billions, now face disruption due to new U.S. tariffs, potentially slashing exports and impacting jobs. This strains the delicate balance between India’s vital partnerships with both Russia and the U.S., forcing a recalibration of its foreign policy amid geopolitical pressures and economic concerns. The situation could also embolden China…

Read More

Why India won’t bend on Russian oil despite Trump’s tariff sting

Amid trade tensions, US President Trump imposed tariffs on India for purchasing Russian energy, escalating U.S.-India trade disputes. India, now facing high tariffs, defends its oil imports as economically vital. Despite Western sanctions on Russia, India has significantly increased its Russian oil purchases, benefiting from discounted prices and fueling its refining industry.

Read More