All articles tagged with #russian oil imports
India plans to reduce its direct imports of Russian crude oil from late November due to new US sanctions on Rosneft and Lukoil, leading major refiners like Reliance, Mangalore Refinery, and HPCL-Mittal to halt or reduce Russian oil purchases, with alternative sourcing and complex logistics expected to fill the gap.
Indian Prime Minister Narendra Modi and Russian President Vladimir Putin reaffirm their 'special and privileged' relationship during a meeting in China, amidst rising US tariffs on Russian oil imports that have pushed India closer to Russia and China. The leaders discussed regional stability, bilateral trade, and energy cooperation, with India defending its Russian oil purchases despite US pressure, highlighting a shift towards multi-alignment in India's foreign policy.
Indian Prime Minister Narendra Modi and Russian President Vladimir Putin reaffirmed their strong bilateral ties during a meeting on the sidelines of a regional summit in China, amidst escalating US tariffs on Indian Russian oil imports. The leaders discussed regional stability, trade, and energy cooperation, with India emphasizing its strategic autonomy and close ties with Russia despite US pressure, while also engaging with China to address border issues. The meeting highlights India's balancing act between traditional alliances and new geopolitical realities.
Chinese ambassador to India Xu Feihong criticized US tariffs on India, calling the US a 'bully' and urging greater cooperation between India and China, as both nations work towards normalizing their relations amidst global trade tensions and recent diplomatic efforts.
The US has imposed a 25% tariff on Indian goods, citing India's continued Russian oil imports, escalating tensions and risking significant disruption to Indian exports worth nearly $87 billion, amid stalled trade talks and shifting geopolitical alliances.