US EditionIndia will continue buying Russian oil despite Trump tariff threats: Report
INDIA, AUG 2 – India maintains its Russian oil imports despite US tariffs and penalties, with Russia supplying about 35% of India's oil, supporting stable global energy markets, officials said.
- U.S. President Donald Trump said on Friday he understood India is no longer buying oil from Russia but was unsure if that was accurate.
- This claim followed growing U.S. pressure including threats of 100% tariffs on countries buying Russian oil unless peace is reached in Ukraine.
- Indian officials denied any policy change and confirmed the country continues purchasing about 1.75 million barrels per day, with Russia supplying 35% of India's oil.
- The U.S. has implemented a 25% tariff on imports from India and supported the EU's decision to lower the price ceiling for Russian crude oil to $47.60 per barrel, effective starting in September.
- Despite threats of tariffs and sanctions, India continues its energy trade with Russia based on its strategic priorities and prevailing market conditions.
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India said it would continue to buy Russian oil despite threats from US President Donald Trump.
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India Defies Trump Over Russian Oil
“Indian officials said on Saturday that they would keep purchasing cheap oil from Russia despite a threat of penalties from President Trump, the latest twist in an issue that New Delhi thought it had settled,” the New York Times reports. “The defiance of Prime Minister Narendra Modi’s government reflected increasing frustration with a relationship that was once much praised but has been souring rapidly. There is a growing sense in India that its…
·New York, United States
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Total News Sources113
Leaning Left12Leaning Right22Center14Last UpdatedBias Distribution46% Right
Bias Distribution
- 46% of the sources lean Right
46% Right
L 25%
C 29%
R 46%
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