According to sources, the White House has requested that European nations impose sanctions on India mirroring those of the US, specifically halting oil and gas purchases from India and levying secondary tariffs. This follows India’s objections to US tariffs on its Russian crude oil purchases and accusations of Western hypocrisy, given that other countries are also buying oil from Moscow. The US claims India is funding Russia’s war in Ukraine, and White House officials are reportedly frustrated with European leaders who they believe are secretly undermining efforts to end the conflict by pushing for unrealistic territorial concessions for Ukraine. Discussions on the matter are expected at the upcoming Shanghai Cooperation Organisation summit.
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Reliance Industries, owned by Indian billionaire Mukesh Ambani, has reportedly earned over €724 million from exporting fuel refined from Russian oil to the US in 2024. This activity has raised concerns, with US officials claiming India has become a financial resource for Russia’s war effort, despite Western sanctions imposed after the 2022 invasion of Ukraine. Reliance purchases discounted Russian crude, refines it at its Jamnagar complex, and then exports the finished products, a practice that has allowed the company to significantly increase revenue, with Russian crude now accounting for approximately 30% of its processing. The US and EU are considering measures to close the loophole that allows these exports, while Reliance continues to operate with significant profit.
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Former President Donald Trump has imposed a 50% tariff on most US imports from India, following through on threats related to India’s purchases of discounted Russian oil. This action, which adds to existing 25% tariffs, risks damaging the Indian economy and disrupting global supply chains. In response, India’s government has refused to halt oil purchases and has encouraged citizens to buy domestic goods, potentially leading to closer ties with Russia and China. Economists predict this will reduce India’s GDP. The US has not taken similar action against China, a major purchaser of Russian oil, nor has it taken similar actions against other countries.
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Indian refineries are preparing to slightly decrease their purchases of Russian crude oil in the coming weeks due to increasing pressure from the United States. This reduction, which will lower daily purchases from 1.8 million barrels to 1.4-1.6 million barrels, comes as a response to threats of increased U.S. tariffs on Indian imports. Although the U.S. has criticized India’s significant increase in Russian oil imports since 2022, no additional sanctions have yet been imposed despite previous threats. This move is seen as a symbolic gesture to Washington, rather than a complete severing of economic ties with Moscow.
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Oil prices climb after Ukraine attacks hit Russian energy sites, leading to a noticeable shift in the global energy market. It’s a situation that’s sparking conversations about the effectiveness of existing sanctions, the geopolitical realities of the ongoing conflict, and the ripple effects on the global economy. The attacks on Russian energy infrastructure, especially refineries and storage facilities, have led to reduced supply, and with less oil available, the price inevitably goes up. This increase isn’t just a simple reflection of supply and demand; it’s a complex dance of politics, economics, and, unfortunately, ongoing conflict.
Oil prices climb after Ukraine attacks hit Russian energy sites, even though some might assume that existing sanctions would make this impact negligible.… Continue reading
External Affairs Minister Dr. S. Jaishankar criticized the US and Pakistan at the Economic Times World Leaders Forum, highlighting their tendency to “overlook history,” specifically referencing the 2011 Abbottabad raid. He emphasized India’s foreign policy is guided by long-term confidence and national interests, rejecting any mediation in relations with Pakistan. Furthermore, Jaishankar refuted claims of US mediation in past ceasefire agreements, attributing the settlements to direct talks between India and Pakistan. The minister also underscored the government’s commitment to protecting India’s economic interests and strategic autonomy, warning against any challenges to these positions.
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During a meeting in Moscow, External Affairs Minister S. Jaishankar defended India’s energy policy, highlighting that the United States had previously urged India to stabilize the global energy market, even by purchasing oil from Russia. Jaishankar met with President Vladimir Putin and Foreign Minister Sergey Lavrov, discussing plans to access the Russian market and expedite cases of Indians recruited to fight in Ukraine. Discussions also included enhancing India-Russia trade through infrastructure and logistics, as well as cooperation in multilateral platforms and addressing labor shortages. Furthermore, the meetings encompassed the International North-South Transport Corridor and other initiatives to enhance economic linkages.
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President Donald Trump has imposed a new 25% tariff on India, bringing the total levies against the major US trading partner to 50%. This action, announced in an executive order, stems from India’s import of Russian oil, with the President warning of similar actions against other countries engaging in such trade. The new tariffs are set to take effect in 21 days, following the implementation of previously announced tariffs, making this among the highest levies the US has imposed on any trading partner. India responded by calling the tariffs “unfair, unjustified, and unreasonable,” emphasizing that their oil imports are based on market factors and energy security.
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President Trump has announced plans to increase tariffs on India within the next day. This decision stems from India’s ongoing purchase of Russian oil. Trump stated that these purchases are contributing to the Russian war effort.
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Trump says he will “substantially” raise tariffs on India over Russian oil purchases, a statement that immediately throws a wrench into the gears of international trade and diplomacy. The core issue seems to be India’s continued purchase of Russian oil, a move that has clearly ruffled some feathers in certain corners of the world. The response is quite direct: the threat of increased tariffs on Indian goods entering the United States, which could have significant economic repercussions for both nations.
This decision doesn’t exist in a vacuum. There’s a sense that the motivation isn’t purely based on a desire to punish India.… Continue reading
John Q. Hosedrinker 
Matt Underwood