Thursday, September 10
Russia expects India to continue buying its oil, a senior official said, even as the South Asian nation faces higher US tariffs and harsh criticism from Trump administration officials for the trade.India’s imports of Russian crude are likely to stay at current levels, Evgeny Griva, the deputy trade representative of Russia in India, told reporters in New Delhi on Wednesday.The remarks come amid rising tariff tensions between the US and India. President Donald Trump has imposed a 25% tariff on Indian goods and threatened to double it to 50% on Aug. 27 — a rate that would make India’s $85 billion in annual US exports uncompetitive. Half of that penalty is for New Delhi’s purchases of Russian oil, which the US sees as helping fund Russian President Vladimir Putin’s war on Ukraine. I
