White House Trade Adviser Peter Navarro on Thursday (local time) claimed that India is cozying up to China's President Xi Jinping, adding New Delhi of acting as a "laundromat for the Kremlin" by purchasing discounted Russian crude oil, refining it, and selling the products at a premium gl
Babushkin also hit out at Washington's tariff decision and pressure on New Delhi over Russian crude oil, saying the moves were "unjustified and unilateral."
White House trade adviser Peter Navarro has targeted Indian purchases of Russian crude oil, accusing it of funding Moscow's war in Ukraine and called on New Delhi to stop.
If Russian oil exports were to be disrupted, it could create a major problem for the global economy, however, for India, the impact is expected to be limited, according to a report by Bank of Baroda
The Aam Aadmi Party (AAP) on Tuesday alleged that Prime Minister Narendra Modi has prioritised "crony interests" over national welfare, noting that he allowed petrol and diesel to be sold at Rs 95-104 per litre despite India purchasing crude oil at discounted rates from Russia.
India's crude oil import bill could increase by USD 9 billion to USD 12 billion, if the country stops buying Russian crude oil, according to a report by the State Bank of India (SBI).
India's strong domestic demand and the robust performance of its services sector will help cushion the economic impact of steep new US tariffs imposed as a penalty for continued imports of Russian crude oil, according to a report by Moody's Ratings.
"Why is the government sleeping? US President Donald Trump has said it almost 40 times that he brokered the ceasefire between India and Pakistan. Now he (Trump) is saying that our relations with India are not good as India buys fuel from Russia. Are we slaves? We would trade and talk, with w
India has dramatically increased its crude oil imports from the United States since President Donald Trump returned to the White House for his second term, according to sources familiar with the trade data.
India has dramatically increased its crude oil imports from the United States since President Donald Trump returned to the White House for his second term, according to sources familiar with the trade data.
Brent crude oil prices are expected to rise to USD 80 per barrel in the coming months as tensions between the United States and Russia threaten to disrupt the global oil supply chain, highlighted oil market experts in conversation with ANI.