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Analysis: India's Russian Oil Gains Eroded By Trump Tariffs
India saved billions of dollars by stepping up imports of discounted Russian oil in the wake of the war in Ukraine, but punitive tariffs imposed by the US that came into effect on Wednesday will quickly undo the gains.
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Opinion | Trump's Hollow Claims: Here's Where India - And China - Really Buy Their Oil From
Navarro says India is importing more oil than it needs, forgetting that it is adding value by refining it and satisfying existing external demand, created, ironically, by the US and the EU imposing sanctions on Russia.
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"To Make It Harder For Russians": JD Vance On Trump's Tariffs On India
US President Donald Trump's punitive 50 per cent tariffs on imports from India were meant to get an "aggressive economic leverage" for forcing Russia to stop bombing Ukraine, according to American Vice President JD Vance.
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"India Must Take It Seriously": Nikki Haley's Warning On Russian Oil Imports
Donald Trump's Republican colleague, Nikki Haley, on Sunday warned India over its Russian oil imports and asked to work on a solution with the White House "sooner the better".
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"India Kremlin's Laundromat, Doesn't Need Russian Oil": Trump Trade Advisor
Calling India the "Maharaja" of tariffs, US President Donald Trump's trade adviser, Peter Navarro, accused New Delhi of running a "profiteering scheme" by continuing to import Russian oil.
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Amid Trump Tariffs, S Jaishankar's Push For Russian Companies To Engage "Intensively" With India
External Affairs Minister S Jaishankar has pushed to increase trade with Russia, encouraging Russian companies to engage "more intensively" with their Indian counterparts.
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China In "Opportunistic" Move, Pounces On Cheap Russian Oil, As Indian Demand Dips
Chinese refineries have ramped up their crude oil purchases from Russia as demand from India has weakened. Trump has threatened to impose secondary tariffs on goods from countries importing Russian oil in to pressure Moscow to end the war in Ukraine.
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Russia Offers 5% Discount On Oil To India Amid Trump Tariff Tensions
Russia will continue to supply oil to India, now at a 5 percent discount, despite the pressure and sanctions on the latter from the US. Meanwhile the US has accused India of funding the war in Ukraine by purchasing Russian oil.
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Russian Envoy's "Sabka Hardik Swagat" Greeting Leaves Reporters Surprised
In what was a pleasant surprise, Roman Babushkin, the Deputy Chief of Mission at the Russian Embassy in India, welcomed attendees at his press conference in Hindi.
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Chinese Refiners Sweep Up Russian Oil After Indian Demand Falls: Analysts
Chinese refineries have purchased 15 cargoes of Russian oil for October and November delivery as Indian demand for Moscow's exports falls away, two analysts and one trader said on Tuesday.
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"India Acts As Global Clearinghouse For Russian Oil": Trump Trade Advisor
White House trade adviser Peter Navarro said India's purchases of Russian crude were funding Moscow's war in Ukraine and had to stop, adding that New Delhi was "now cozying up to both Russia and China."
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"Maybe I Won't Have To Do It": Trump On 25% India Tariff Over Russian Oil
US President Donald Trump on Friday claimed Russia lost India as one of its oil clients after Washington announced a penalty on New Delhi over the purchases.
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Trump Says Tariffs On India Over Russian Oil A "Big Blow" To Moscow
US President Donald Trump has stated that America's steep tariffs on India over its import of Russian oil have dealt a "big blow" to Moscow's economy, which he said was not performing well.
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PM Speaks With Zelensky, Urges For Peaceful Resolution Of Russia Conflict
Prime Minister Narendra Modi spoke to Ukraine's Volodymyr Zelenskyy Monday evening (India time) and conveyed India's 'consistent position on the need for an early and peaceful resolution' of Russia's war on the eastern European nation.
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How Much Will India's Fuel Bill Rise If It Stops Russian Oil Imports?
India's crude oil import bill could increase by USD 9 billion this financial year and USD 12 billion in the next, if the country stops buying Russian crude oil amid Washington's latest action against New Delhi over the purchases.
-
Analysis: India's Russian Oil Gains Eroded By Trump Tariffs
India saved billions of dollars by stepping up imports of discounted Russian oil in the wake of the war in Ukraine, but punitive tariffs imposed by the US that came into effect on Wednesday will quickly undo the gains.
-
Opinion | Trump's Hollow Claims: Here's Where India - And China - Really Buy Their Oil From
Navarro says India is importing more oil than it needs, forgetting that it is adding value by refining it and satisfying existing external demand, created, ironically, by the US and the EU imposing sanctions on Russia.
-
"To Make It Harder For Russians": JD Vance On Trump's Tariffs On India
US President Donald Trump's punitive 50 per cent tariffs on imports from India were meant to get an "aggressive economic leverage" for forcing Russia to stop bombing Ukraine, according to American Vice President JD Vance.
-
"India Must Take It Seriously": Nikki Haley's Warning On Russian Oil Imports
Donald Trump's Republican colleague, Nikki Haley, on Sunday warned India over its Russian oil imports and asked to work on a solution with the White House "sooner the better".
-
"India Kremlin's Laundromat, Doesn't Need Russian Oil": Trump Trade Advisor
Calling India the "Maharaja" of tariffs, US President Donald Trump's trade adviser, Peter Navarro, accused New Delhi of running a "profiteering scheme" by continuing to import Russian oil.
-
Amid Trump Tariffs, S Jaishankar's Push For Russian Companies To Engage "Intensively" With India
External Affairs Minister S Jaishankar has pushed to increase trade with Russia, encouraging Russian companies to engage "more intensively" with their Indian counterparts.
-
China In "Opportunistic" Move, Pounces On Cheap Russian Oil, As Indian Demand Dips
Chinese refineries have ramped up their crude oil purchases from Russia as demand from India has weakened. Trump has threatened to impose secondary tariffs on goods from countries importing Russian oil in to pressure Moscow to end the war in Ukraine.
-
Russia Offers 5% Discount On Oil To India Amid Trump Tariff Tensions
Russia will continue to supply oil to India, now at a 5 percent discount, despite the pressure and sanctions on the latter from the US. Meanwhile the US has accused India of funding the war in Ukraine by purchasing Russian oil.
-
Russian Envoy's "Sabka Hardik Swagat" Greeting Leaves Reporters Surprised
In what was a pleasant surprise, Roman Babushkin, the Deputy Chief of Mission at the Russian Embassy in India, welcomed attendees at his press conference in Hindi.
-
Chinese Refiners Sweep Up Russian Oil After Indian Demand Falls: Analysts
Chinese refineries have purchased 15 cargoes of Russian oil for October and November delivery as Indian demand for Moscow's exports falls away, two analysts and one trader said on Tuesday.
-
"India Acts As Global Clearinghouse For Russian Oil": Trump Trade Advisor
White House trade adviser Peter Navarro said India's purchases of Russian crude were funding Moscow's war in Ukraine and had to stop, adding that New Delhi was "now cozying up to both Russia and China."
-
"Maybe I Won't Have To Do It": Trump On 25% India Tariff Over Russian Oil
US President Donald Trump on Friday claimed Russia lost India as one of its oil clients after Washington announced a penalty on New Delhi over the purchases.
-
Trump Says Tariffs On India Over Russian Oil A "Big Blow" To Moscow
US President Donald Trump has stated that America's steep tariffs on India over its import of Russian oil have dealt a "big blow" to Moscow's economy, which he said was not performing well.
-
PM Speaks With Zelensky, Urges For Peaceful Resolution Of Russia Conflict
Prime Minister Narendra Modi spoke to Ukraine's Volodymyr Zelenskyy Monday evening (India time) and conveyed India's 'consistent position on the need for an early and peaceful resolution' of Russia's war on the eastern European nation.
-
How Much Will India's Fuel Bill Rise If It Stops Russian Oil Imports?
India's crude oil import bill could increase by USD 9 billion this financial year and USD 12 billion in the next, if the country stops buying Russian crude oil amid Washington's latest action against New Delhi over the purchases.
