Trump sanctions bite! Oil heading to India, China falls steeply; but can the world permanently ignore Russian crude? – The Times of India

Trump sanctions bite! Oil heading to India, China falls steeply; but can the world permanently ignore Russian crude? – The Times of India

While Russian exporters continue loading crude onto vessels, refineries show reduced willingness to transfer the cargo to their storage facilities. (AI image) Donald Trump’s latest sanctions on Russian crude oil firms appears to have had the intended impact – at least as of now. Refiners are reportedly unwilling to pick up Russian crude oil from…

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‘Impose meaningful tariffs on China, India’ – US Treasury urges EU, G7; says purchases of Russian oil funding war machine – The Times of India

‘Impose meaningful tariffs on China, India’ – US Treasury urges EU, G7; says purchases of Russian oil funding war machine – The Times of India

US President Donald Trump has levied an additional 25% duty on Indian imports to pressure India to stop buying Russian oil. (AI image) The United States Treasury has urged its G7 and European Union partners to levy “meaningful tariffs” on Chinese and Indian imports to counter their Russian oil acquisitions. The US Treasury has organized…

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Pushing back against Trump pressure: India’s state-owned refiners look to fully revive Russia crude oil buys; lack of cargoes an issue – The Times of India

Pushing back against Trump pressure: India’s state-owned refiners look to fully revive Russia crude oil buys; lack of cargoes an issue – The Times of India

The US tariffs on India aim to increase pressure on Moscow regarding the Ukraine conflict. (AI image) Even as the Donald Trump administration wants India to stop purchasing Russian crude, Indian state-owned refiners are looking to fully revive their purchases of Russia oil. During the four weeks to August 31, India’s seaborne crude imports from…

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