Page 8 - India-russia Ties

India should weigh benefits of Russian oil after US tariff hike: Banerjee

India should consider whether the cheap oil imports from Russia are 'worth it' after the Trump administration announced an additional 25 per cent tariff on Indian goods, Nobel laureate Abhijit Banerjee has said. Last week, US President Donald Trump signed an executive order, slapping an additional 25 per cent levy on India for New Delhi's purchases of Russian oil, bringing the total duties to 50 per cent -- among the highest imposed by the US on any country in the world. The additional 25 per cent duty will come into effect on August 27. "We need to think hard about whether Russian oil imports are worth it and then go back to the US to say that, you know, will they take it (tariff) off, if we stop importing Russian oil," Banerjee told PTI on the sidelines of an event organised by BML Munjal University. Since the steep tariffs are likely to hit the USD 27 billion of non-exempt exports that India does to the US, there has been chatter around stopping or curtailing oil imports from ..

Tycoons who profit from India's increasing demand for Russian oil

This week, Jamnagar was the backdrop for a grittier story: Its oil - some of which is imported from Russia - has become a sticking point in US-Indian relations

NSA Doval meets Russia's first deputy PM, discusses military-technical ties

National Security Advisor Ajit Doval held talks with Russia's First Deputy Prime Minister Denis Manturov here on bilateral military-technical ties and implementation of joint projects in strategic sectors. Doval is in Russia to hold crucial talks on bilateral energy and defence ties and to prepare the ground for President Putin's visit to India later this year. Doval and Manturov met on Friday, according to the Russian Embassy in India. The talks covered "topical issues of #RussiaIndia military-technical cooperation, as well as the implementation of joint projects in other strategic sectors, including civil aircraft manufacturing, metallurgy, and the chemical industry," the embassy said in an X post. On Thursday, Doval called on Russian President Vladimir Putin at the Kremlin to discuss bilateral cooperation between the two countries. During the meeting, he reiterated New Delhi's commitment to continue cooperation on all fronts with Russia in spite of outside pressure. The NSA's

'New world order taking shape', says expert on PM Modi's call with Putin

Putin briefed PM Modi on Ukraine during their call, and both leaders reaffirmed their commitment to strengthening the India-Russia Special and Privileged Strategic Partnership

Trump's tariffs to India's oil bets: Decoding sanctions on Russia

Even before Russia invaded Ukraine in February 2022, Moscow was under sanctions due to its annexation of Crimea

US tariff impact: Trump's trade moves could dent India's oil bill savings

State-run refiners are covered for deliveries of crude oil in September even if Russian oil flows cease, a senior trader at a state refiner said. Another trader said they are mostly covered

Russia, India talk up 'strategic partnership' after Trump tariff hike

President Donald Trump announced higher tariffs on imports from India because of its purchases of Russian oil

India's Russian oil puzzle: Higher cost, drying offers, and tariff pressure

India's oil trade with Russia faces its toughest test yet with spiking procurement costs, tightening sanctions, disappearing discounts and the looming threat of Trump's tariffs

Trump's first tranche of 25% tariffs on Indian imports take effect

The US imposes 25 per cent tariff on Indian imports from August 7; second 25 per cent duty over Russian oil trade kicks in August 27, raising total tariff to 50 per cent - highest among US partners

Oil and pressure: How India became Russia's oil lifeline after Ukraine war

India's growing reliance on discounted Russian crude has reshaped its import basket, pushing out traditional West Asian suppliers and raising questions about how easily the country could pivot

'Imminent deal' to 'oil penalty': A brief history of Trump's tariff threats

What began in March 2025 as a push for reciprocal tariffs evolved into a months-long diplomatic tightrope, culminating in tariff actions and sharp remarks

Garcetti video resurfaces as Trump targets India's Russian oil imports

MEA defends India's oil purchase policy as US President Donald Trump accuses India of 'financing' Russia's war, escalates tariff threats and stalls trade talks

India's IOC buys 7 mn barrels US, Abu Dhabi crude amid Russian oil decline

India's top refiner IOC buys 7 million barrels of crude from US, Canada and Abu Dhabi via tender, as Russian oil imports pause due to narrowing discounts and rising sanctions

PM Modi defiant as Trump steps up pressure on India's Russian oil purchases

Modi's government hasn't given India's oil refiners instructions to stop buying Russian oil, and no decision has been taken on whether to halt the purchases

India to keep buying Russian oil despite Trump's penalty threat: Report

Despite Donald Trump's warning of a penalty, Indian officials say the government had "not given any direction to oil companies" to cut back imports from Russia

'A good step': Trump welcomes reports of India halting Russian oil imports

Amid tariff threats and narrowing price gaps, India's oil firms have paused Russian crude orders; MEA says no official directive

Massive oil reserves in Pakistan, says Trump: Here's what US said in 2015

Pakistan's untapped shale reserves have long intrigued energy analysts. A 2015 US report had already mapped billions of barrels underground

India, Russia can take their dead economies down together: Donald Trump

Donald Trump lashes out at India's ties with Russia, calls both economies 'dead', warns Russia's Medvedev and announces a 25% US tariff on Indian exports

Trump tariffs on Russian oil put squeeze on India's biggest crude supplier

Trump Sanctions On Russian oil puts the squeeze on India's Biggest Crude Supplier

Trump's Russia threat puts spotlight on India, China crude oil imports

Russian flows to India reached 2.1 million barrels a day in June, the biggest monthly intake in nearly a year, and close to the record set in May 2023, data from Kpler show