India Russia oil trade

24 Jan

US Signals Possible Rollback of Russian Oil Tariffs on India as Imports Decline

Rajeev Sharma0 CommentsIndiaDonald Trump, energy imports, India Russia oil trade, India US relations, Scott Bessent, US tariffs

New Delhi, January 24, 2025: US Treasury Secretary Scott Bessent has said there is a possible “path” to remove the 25 per cent tariffs imposed on India over its purchase of Russian oil, asserting that New Delhi’s imports from Moscow have sharply declined following the US action. The remarks come amid strained India–US ties after President Donald Trump imposed sweeping 50 per cent tariffs on Indian goods, including a specific 25 per cent levy linked to India’s Russian oil purchases. Bessent described the measure as effective, claiming it had achieved its intended outcome. “We put 25 per cent tariffs on…

07 Aug

“India Has Not Violated Any US Law”: Former MoS MJ Akbar Slams Trump’s Tariffs

Rajeev Sharma0 CommentsIndiaDonald Trump sanctions, India Russia oil trade, MJ Akbar, US-India tariffs

New Delhi— Former Minister of State for External Affairs, MJ Akbar, has strongly criticised the recent US decision to impose steep tariffs on Indian goods, calling it a result of Washington’s "volatile and inconsistent policy." In a conversation with ANI, Akbar defended India’s purchase of Russian oil, stressing that "India has not violated any American law." He noted the contradiction in US President Donald Trump’s actions declaring Russia a foe and penalising India for trade ties, only to announce talks with President Putin days later. Describing the current global scenario as “a game of snakes and ladders” initiated by Trump,…