The Trump administration's aggressive stance against India's purchases of Russian oil marks a stark departure from the Biden era's pragmatic tolerance, potentially jeopardising bilateral trade negotiations and raising questions about Washington's reliability as a partner for New Delhi, accor
White House Economic Advisor Kevin Hassett has said that US President Donald Trump and the trade team are "disappointed" with India's continued imports of Russian crude oil, but hoped for positive developments.
In a release issued on Tuesday (local time), following the conclusion of his two-week mission to South Asia, Fitzpatrick claims that while in India, his delegation engaged in strategic discussions with senior officials, including the External Affairs Minister S Jaishankar and National Sec
Speaking to ANI, Sanchez said India has shown the world that it will take independent decisions which lie in its national interest. "India's the big boy, not a school child. The moment the United States said, 'you will not buy oil from Russia or we will punish you,' India looked back and
"India must take Trump's point over Russian oil seriously, and work with the White House to find a solution. The sooner the better. Decades of friendship and good will between the world's two largest democracies provide a solid basis to move past the current turbulence. Navigating issues
The conversation comes after US Senator Lindsey Graham on Friday (local time) urged India to use its influence with Russia to help end the war in Ukraine, calling it one of the most significant steps to improve India-US relations.
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).
Hours after he mentioned raising tariff on India, US President Donald Trump on Tuesday said he would increase the tariff charged on imports from India from the current rate of 25% "very substantially" over the next 24 hours due to New Delhi's continued purchases of Russian oil, Reuters re
At the closing of the trading in the stock markets today, the BSE Sensex was at 80,710.25, slipping over 308 points or 0.38 per cent, while the Nifty 50 at National Stock Exchange (NSE) was down 73.20 points or 0.30 per cent at 24,649.55.
US President Donald Trump has been unfairly targeting India over Russian oil imports, while choosing not to criticize China, according to a recent report by the Global Trade Research Initiative (GTRI).