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India's import bill to skyrocket by USD 9-11 billion post US penalty on Russian oil; here's how

DNA Monday, 4 August 2025
India's annual oil import bill could surge by USD 9-11 billion if the country is compelled to move away from Russian crude in response to US threats of additional tariffs or penalties on Indian exports, according to analysts.
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Video Credit: Oneindia - Published
News video: Breaking: Trump HITS India With Additional 25% Tariffs; THREATENS All Countries Buying Russian Oil

Breaking: Trump HITS India With Additional 25% Tariffs; THREATENS All Countries Buying Russian Oil 03:19

Trump has announced an additional 25% tariff on Indian goods, citing trade imbalances and strategic concerns. In a fiery statement, he also threatened to impose punitive measures on any country purchasing Russian oil, warning of “serious consequences” for defying U.S. sanctions. The move has...

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