US EditionIndia, Russia Vow to Deepen Trade Ties, Defying Trump’s Tariff Threats over Oil
India imports nearly 40% of its oil from Russia at a 5%-7% discount, helping to keep domestic inflation low despite U.S. tariffs threatening trade relations.
- In New Delhi, Russian officials proposed a `special mechanism` to keep oil flowing to India despite U.S. tariff threats, offering a 5%-7% discount to underpin trade expansion.
- With India dependent on imports for over 85% of its oil demand, Indian state-owned refineries briefly paused Russian purchases earlier this month but resumed buying discounted cargoes for September deliveries amid a 25% U.S. tariff on New Delhi's Russian oil purchases.
- About 1.7 million barrels a day are supplied from Russia, nearly 37% of India's imports, with Russia as largest crude supplier meeting almost 40% of energy needs, and Indian refiners find Urals crude very profitable.
- Russia has begun accepting Indian rupee payments and offering alternative markets, and Moscow officials hope trilateral talks with India and China will resume soon ahead of the Shanghai Cooperation Organisation starting August 31.
- Russian ministers foresee expanded energy cooperation, including LNG and nuclear projects, with bilateral trade projected growth of about 10% a year under the Greater Eurasian Partnership.
18 Articles
18 Articles
Russia Insists It Can Keep India’s Loyalty Through Trump Tariff Challenge
Russian Foreign Minister Sergey Lavrov said after meeting with Indian Foreign Minister Subrahmanyam Jaishankar in Moscow on Thursday that the flow of Russian oil to India will continue despite President Donald Trump’s efforts to pry the longtime allies apart. The post Russia Insists It Can Keep India’s Loyalty Through Trump Tariff Challenge appeared first on Breitbart.
Russia Dangles Discounts to Keep Indian Oil Trade Alive
Russia and India are looking for ways to continue trading oil, and Russia has offered what it calls a special mechanism to the India side to ensure this—despite U.S. President Trump’s threat to impose an additional tariff of 25% on Indian exports if the country keeps buying Russian oil. The news about a special mechanism broke earlier this week, with Reuters citing Russian diplomats from the embassy in New Delhi as talking about it but without p…
Russia and India Defend Energy Ties Amid U.S. Tariff War - teleSUR English
Foreign ministers Lavrov and Jaishankar highlight cooperation in oil, gas and defense. On Thursday, Russian Foreign Minister Sergey Lavrov and Indian Foreign Minister Subrahmanyam Jaishankar defended energy cooperation between their countries in response to the tariff war triggered by the United States. RELATED: U.S. Soybean Farmers Standing at a Financial Precipice: ASA “We have achieved good results in cooperation in the hydrocarbon sector and…
Radio France Internationale
El Mundo CRIndia and Russia are showing their willingness to continue their trade despite pressure from US President Donald Trump. The United States is threatening India with exorbitant customs barriers if it does not stop its oil purchases from Russia. To circumvent them, Moscow has just announced special mechanisms to continue exporting its hydrocarbons to New Delhi.
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