Donald Trump tariffs: How much will India’s fuel bill rise if it stops Russian crude oil imports & where would it buy from? Explained
Friday, 8 August 2025 India faces a potential $9-12 billion increase in crude oil import expenses if it halts Russian oil purchases due to potential tariffs. While India has diversified its oil sources, Russian oil accounts for a significant portion of its imports. Trump's tariffs aim to pressure Russia over the Ukraine war, creating a complex situation for India's energy security and trade relations.
President Donald Trump dropped a major geopolitical bombshell, revealing that “very good talks” were held with Russian President Vladimir Putin, and strongly hinting that peace talks between Russia and Ukraine may be imminent. Speaking optimistically, Trump said there's “a very good chance”...
Days after a U.S. court struck down global tariffs as illegal, President Trump warned that America would become a “third world country” without them. His claim has sparked shock and debate, with..
Donald Trump lashed out at India after Prime Minister Modi met Xi Jinping and Vladimir Putin at the SCO Summit in Tianjin. Claiming India “offered to cut tariffs to nothing,” Trump dismissed the..
Russia has firmly denied allegations of jamming GPS signals on European Commission President Ursula von der Leyen’s flight to Bulgaria. The incident occurred just days after von der Leyen called..
Russia has strongly condemned the US for pressuring India to halt Russian crude oil imports, deeming the tariffs 'unjustified' and 'unlawful.' Russian officials... IndiaTimes Also reported by •DNA
Following US tariffs on Indian exports due to trade ties with Russia, state-owned refiners like IOCL, BPCL, HPCL, and MRPL have reportedly ceased spot market... IndiaTimes
US President Donald Trump threatened to substantially raise tariffs on Indian goods to penalize India for its continued imports of discounted Russian oil,... Zee News Also reported by •IndiaTimes
Friday, 8 August 2025
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