‘Exaggerated’: India’s gains from discounted Russia oil just $2.5 bn, says CLSA; far below estimates
Thursday, 28 August 2025 () A CLSA report indicates India's savings from discounted Russian oil imports are around $2.5 billion annually, significantly less than media estimates. While India benefits from affordable energy, the discounts are offset by shipping costs and the need to blend with higher-quality oil. Halting Russian imports could spike global crude prices, highlighting India's role in stabilizing the market.
Donald Trump has once again spoken about his tough conversations with Prime Minister Narendra Modi — this time against the backdrop of India’s Russian oil imports, U.S. tariff tensions, and shifting power equations inside the Shanghai Cooperation Organisation (SCO). As Trump hints at his role in...
On the eve of his China visit, President Vladimir Putin warned the U.S. and the West against trying tocripple Russia’s economy with sanctions. Acknowledging recession risks due to oil curbs and the..
President Trump has imposed 50% punitive tariffs on India, accusing New Delhi of “funding Russia’s war machine” through increased oil imports from Moscow. The move threatens $48.2 billion worth..
Russian Foreign Minister Sergey Lavrov, alongside India’s S. Jaishankar, accused the U.S. of weaponizing the dollar and using sanctions as “economic colonialism.” Lavrov warned that even allies..
Thursday, 28 August 2025 ()
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