European Union, India and Russian oil
Digest more
Graham is sponsoring a tough sanctions bill on Russia, which, if passed by Congress, would impose 500% tariffs on countries that purchase Russian oil, like China and India.
The EU’s latest sanctions will force Indian refiners reliant on Russian crude to find new markets, driving up costs for producers and consumers alike.
India reaffirms its commitment to energy security amidst potential secondary sanctions for purchasing Russian oil, according to Foreign Secretary Vikram Misri.
Foreign Secretary Vikram Misri stresses India's energy security priority and calls for a clear-eyed view of the global energy market, rejecting double standards on energy-related issues.
Lindsey Graham warns of 100% Trump tariffs on India, China, Brazil over Russian oil, fueling global tensions as NATO echoes pressure.
What exactly is this US sanctions threat on countries that trade with Russia, and how far can it impact India? We explain, in 3 points.
Oil prices dipped slightly on Monday, with the latest European sanctions on Russian oil expected to have minimal impact on supplies while U.S. tariffs ensure demand concerns remain.
The government on Thursday stressed that it was not “unduly worried” about secondary sanctions. The stand articulated by Union Minister for Petroleum and Natural Gas Hardeep Puri came in the wake of US President Donald Trump’s recent threat that 100% secondary tariffs would be imposed on nations buying oil from Russia,