Russia Vows to Keep Selling Oil to India Despite U.S. Tariff Threat
- Russian Ambassador to India Denis Alipov stated Moscow remains ready to supply as much oil as India needs, while criticizing "pressure tactics" instead of honest cooperation on energy trade.
- Russia became India's largest oil supplier following sanctions over the invasion of Ukraine, prompting Senator Lindsey Graham to sponsor a "bill from hell" imposing 100% tariffs on Russian crude buyers.
- India imported about 2.78 million barrels per day of Russian crude in July, while a payments system using the rouble and rupee facilitates 96% of bilateral trade between the nations.
- Although the Senate passed the legislation 86-11, the bill remains deadlocked in the House, providing New Delhi temporary breathing room regarding potential secondary tariffs on energy imports.
- Alipov added that "the world will not cope if Russian oil is excluded," noting India's 23 refineries process crude for international markets while Russian petroleum products flow into Africa.
14 Articles
14 Articles
World’s third-largest crude importer risks US sanctions as Russia deepens oil ties with India and Africa
India, the world’s third-largest oil importer and consumer, is facing renewed sanctions risk over its growing purchases of Russian crude, even as Moscow expands its energy trade with India and African markets.
'Illegal’: Kremlin blasts US 100% tariff threat on Russian oil buyers ahead of Brics Summit in India
International Business News: The Kremlin on Tuesday rejected a proposed US move to impose tariffs of up to 100 per cent on countries buying Russian oil, calling the measure “illeg.
Russia is ready to supply India with as much oil as it needs to meet its energy requirements, the Kremlin’s envoy to New Delhi said, while denouncing plans to intensify sanctions on Moscow’s oil sales as “pressure tactics.”
Russia Vows to Keep Selling Oil to India Despite U.S. Tariff Threat
Russia will remain a key crude oil supplier to India, Russia’s Ambassador to India, Denis Alipov, said in an interview with Asian News International, in which he also criticized the planned U.S. legislation to slap tariffs on countries importing Russian oil. Russia has become India’s single-biggest oil supplier in recent years, after the U.S., the UK, and the EU banned Russian oil imports and moved to increase sanction pressure on Russia followi…
"We are ready to provide India with all the oil it needs", this 'friendly country' ignored America's 'tariff pressure'
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