US EditionIndia will continue to buy Russian oil despite US tariffs, finance minister says
India remains the largest buyer of Russian crude, accounting for over a third of its imports, benefiting from discounts that help control inflation and manage its import bill.
- 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.
58 Articles
58 Articles
"Trump Realised He Was Wrong About India": Ex-Diplomat On US Tariffs
Days after US President Donald Trump softened his stand on India-US ties, calling it a "very special relationship", former Indian diplomat KP Fabian said that the US President is beginning to realise that his aggressive trade tactics with India.
Despite high US tariffs, India's government is loyal to Russia and wants to continue to buy oil, which will preserve Putin's important revenues.
US Treasury Secretary Scott Bessant said that if the US and the European Union impose more stringent sanctions on countries buying oil from Russia, the Russian economy will completely collapse. He mentioned imposing a 50% tariff on India. However, India called it unfair and said that its energy needs are based on national interest.
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.
Coverage Details
Bias Distribution
- 39% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
