Indian State Refiners Back Off Russian Oil Buying as U.S. Escalates Tariffs
Thursday, 7 August 2025 () The biggest Indian state-owned refiners are pulling out of spot purchases of Russian crude for cargoes loading in October, sources familiar with the procurement plans told Bloomberg on Thursday, a day after the U.S. announced an additional 25% tariff on India over its imports of crude from Russia. U.S. President Donald Trump signed on Wednesday an executive order enacting an additional 25% tariff on Indian goods, explicitly targeting India’s ongoing imports of Russian crude oil. This order increases the total tariff rate on Indian…
Three young Russian TikTokers have been arrested in Sochi after filming a viral rap video near a flaming oil depot struck by a Ukrainian drone. The clip, set to “Crimson Dawn,” sparked outrage for trivializing a national emergency. Russian authorities say the video endangered public perception...
Donald Trump has declared that “billions are flowing into America” due to his latest round of tariff hikes, which took effect August 7. Claiming an economic windfall, Trump said the tariffs will..
Just a day after Trump’s harsh new tariffs on India, NSA Ajit Doval met Russian President Vladimir Putin in Moscow to reaffirm and expand the India–Russia strategic partnership. With U.S. pressure..
The India US Tariffs issue is grabbing global attention. With Trump imposing an additional 25% tariff on Indian goods, raising the total to 50%, serious questions are being raised. Why is India being..
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
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
Donald Trump has announced a 25% 'secondary tariff' on Indian goods, effective August 27, to penalize India's oil purchases from Russia. This aims to pressure... IndiaTimes
Thursday, 7 August 2025 ()
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