India likely to keep buying Russian oil despite looming US tariff threats
India faces fresh uncertainty over its purchases of Russian crude oil as a new US sanctions bill targeting Russia gains momentum. If passed, the legislation would grant President Trump the authority to impose tariffs of up to 100% on countries buying Russian oil, including India. This comes roughly a year after a previous round of US tariff measures that already tested trade relations. Despite the threat, India is widely expected to continue importing Russian crude, which it has relied on heavily since Western nations sanctioned Moscow. Energy security and cost advantages are seen as key reasons why New Delhi may choose to absorb diplomatic pressure rather than reduce Russian oil imports.
This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)
Log in to join the discussion and vote.
Log in