National
India has strongly rejected U.S. tariffs linked to its Russian oil imports. Indian ambassador to Russia, Vinay Kumar, called the measures “unfair, unreasonable and unjustified,” stressing that New Delhi will protect its sovereign right to decide energy strategy. Oil Purchases on Market Terms Kumar clarified that Indian firms will continue buying oil “from
Expert Opinions Opinion
Russia’s five percent oil discount looks tempting on paper, but the numbers show why it cannot outweigh Donald Trump’s tariff barrage. Russia supplies about 1.5 million barrels per day to India — roughly 35 percent of our crude basket. At Brent levels of 66–70 dollars, the discount works out to 2.7–3.3 dollars per barrel. Multiply […]