Explainer: Donald Trump’s 50% tariffs - will India budge on Russia crude oil trade?
Thursday, 7 August 2025 () Donald Trump's doubled tariffs on India, targeting its Russian oil trade, aim to pressure Putin on the Ukraine war. India faces a complex balancing act between maintaining ties with Russia and the US, its largest trading partner. While India may gradually reduce Russian oil dependency, a complete shift is unlikely due to economic and political considerations.
In a scathing rebuke, top Trump aide Stephen Miller has accused India of "financing Russia’s war in Ukraine" by continuing to import oil from Moscow. Speaking on Fox News, Miller expressed alarm over India’s near-parity with China in buying Russian crude — calling it an “astonishing fact.”...
Russia has flatly denied any agreement on an air ceasefire with Ukraine, with Kremlin spokesman Dmitry Peskov declaring “no deals have been reached.” The rejection came amid speculation of a..
Russia has escalated tensions by bombing the Turkish-built Bayraktar drone factory in Kyiv, dragging NATO-member Turkey deeper into the Ukraine war. Two missiles struck the nearly completed facility,..
California Governor Gavin Newsom has clashed with President Trump over the deployment of the National Guard in Los Angeles, calling it unnecessary and politically motivated. In a live address, Newsom..
After US President Donald Trump's increased tariff rate for India and amid US' continuous economic threat, many state-owned oil refiners have stopped purchasing... DNA
US President Trump imposed a 25% tariff on India for its Russian crude oil trade, claiming it cost Russia a major client. Trump's remarks came after his recent... IndiaTimes
India's Russian crude oil imports surged to 2 million barrels per day in August, escalating from 1.6 million bpd in July, primarily impacting imports from Iraq... IndiaTimes
Thursday, 7 August 2025 ()
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