India-US trade deal unlikely to prompt near-term decline in India’s imports of Russian crude oil

NEW DELHI: The India-US trade deal is unlikely to lead to a near-term reduction in India’s imports of Russian crude oil, with supplies to be stopped from sanctioned entities such as Rosneft and Lukoil.While govt is yet to comment on US President Donald Trump’s claim that India will stop Russian crude purchases, officials pointed out […]

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India-US trade deal: 25% penal tariffs linked to Russian oil gone? Here’s what we know

India and the US have announced a trade deal, with the Trump administration lowering the tariffs on Indian exports to 18%. (AI image for representative purpose) US President Donald Trump has reportedly agreed to remove the 25% tariff America imposed on India for its crude oil imports from Russia. A New Delhi–based source quoted in […]

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