US EditionIndia will continue to buy Russian oil despite US tariffs, finance minister says
India, the world's third-largest oil consumer, sources nearly 40% of its crude from Russia due to cost and logistics despite U.S. tariffs and diplomatic pressures, officials said.
- India will continue to buy Russian oil as long as it is economically justified, despite U.S. pressure and tariffs.
- Indian ministers have stated that importing Russian oil helps stabilize global prices and India has not broken any rules.
- The U.S. has urged India to stop buying Russian oil and instead resume trade talks with Washington.
47 Articles
47 Articles
The Kyiv Independent
einnews.comIndia to continue Russian oil imports despite 50% US tariffs
"Whether it is Russian oil or anything else, it's our decision to buy from the place which suits our needs, whether in terms of rates, logistics, anything," Indian Finance Minister Nirmala Sitharaman said.
GST cut to boost growth, offset US tariff hit; India to keep buying Russian oil, says FM Sitharaman
Finance Minister stressed that the cut in GST rates would drive domestic demand..GST rate cut, Indian economy, Russian oil imports India, Nirmala Sitharaman, US tariff hike India, GST impact on consumers, India economic growth, GST compliance simplified, MSME benefits GST, GST 2.0 benefits, Economic considerations for oil imports, Monitoring GST rate reduction, Impact of GST on middle class, Government measures to support sectors, new gst slab r…
GST cuts to spur growth, offset US tariffs; India to keep buying Russian oil
New Delhi: Finance Minister Nirmala Sitharaman said on Friday that the GST rate cut would spur growth in the economy which would offset the drag due to the adverse impact of the US tariff hike on Indian exports. She also said that India would continue to buy Russian oil because of economic considerations as crude was the costliest item in the country’s import bill. The government’s main focus would now be on ensuring that the GST rate cuts on va…
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