Trade war: India's Russian oil imports set to rise; move comes after US slaps 50% tariff

Aug 28, 2025 - 21:30
Trade war: India's Russian oil imports set to rise; move comes after US slaps 50% tariff

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Despite increased US tariffs on Indian exports due to its reliance on Russian oil, India is expected to increase Russian crude imports by 10-20% in September. This move is driven by cheaper prices and Russia's increased export availability.

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