India’s crude oil imports from Russia strengthened in the first half of October, reversing a three-month slide in arrivals seen during July-September as refineries were back on full stream to meet festive demand, according to ship tracking data. Imports from Russia slid from over 2 million barrels per day in June to 1.6 million bpd […]
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Chief Economic Advisor V. Anantha Nageswaran said that if the tariffs on India stayed on, there would be a drop in exports to the U.S. File | Photo Credit: ANI Chief Economic Adviser (CEA) V. Anantha Nageswaran on Thursday (September 18, 2025) said he expects that a solution to India’s tariff issues with the U.S. […]
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The story so far: On August 6, U.S. President Donald Trump announced a whopping 25% penalty tariff on Indian goods for India’s import of Russian oil. This was on top of the 25% reciprocal tariffs announced on July 31 after Indian and U.S. negotiators failed to reach a Free Trade Agreement (FTA). Also Read | […]
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Representational image of a n Indian Oil fuel station in Sonipat. | Photo Credit: Reuters India will keep purchasing oil from Russia despite U.S. President Donald Trump’s threats of penalties, two Government sources told The New York Times, not wishing to be identified due to the sensitivity of the matter. “These are long-term oil contracts,” […]
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