INDIA RUSSIAN OIL PURCHASES
'It’s blood money, people are dying': Peter Navarro slams X again over India’s Russian oil buys
Peter Navarro called India's Russian oil purchases "blood money". He claimed India didn't buy much Russian oil before the Ukraine conflict. Navarro criticized India's tariffs and its oil purchases benefiting Russia. He also attacked Elon Musk for community notes on his posts. India defended its oil procurement as driven by national interest.
Would welcome this new tone with a "spirit of caution": Shashi Tharoor on PM Modi's response to Trump's remarks
Shashi Tharoor commented on India-US relations after President Trump's statements. He emphasized the need for repair work by both governments. Tharoor cautioned against quickly forgiving Trump's actions due to the consequences faced by Indians. He addressed tariffs and perceived insults. Tharoor defended India's mature approach to trade with Russia.
Indian Oil Corp says Russia's spot oil supply is normal
Indian Oil Corp said Russian oil continues to trade at a $2–$3 per barrel discount to Dubai crude for Indian deliveries. India remains the largest buyer of Russian seaborne crude despite U.S. pressure. August imports fell to 686,850 bpd from July’s 1.34 million bpd as state refiners paused purchases due to narrower discounts and high inventories.
New sanctions on Russian oil buyers to disrupt flows, says trader Gunvor
New sanctions targeting buyers of Russian oil could significantly disrupt crude flows, according to Gunvor's Frederic Lasserre. President Trump is considering secondary tariffs on countries like China and India that purchase Russian oil, aiming to pressure President Putin. However, leaders from China, Russia, and India signal resistance to further sanctions, potentially impacting global oil supplies.
Musk vs Navarro: X CEO breaks silence after Trump aide gets fact-checked by Community notes on India charge
Elon Musk defended X's Community Notes and Grok after Peter Navarro, Trump's advisor, was fact-checked on claims about India's Russian oil purchases. Navarro attacked X, alleging Indian special interests were distorting US debate. India refuted Navarro's remarks as inaccurate, amidst growing strain in India-US relations over trade and energy ties.
'More' secondary sanctions on countries buying Russian oil can damage Moscow's economy: Bessent
US Treasury Secretary Scott Bessent stated that the Russian economy faces imminent collapse if the US and EU impose further secondary sanctions on nations purchasing Russian oil. The Trump administration has already imposed a 50% tariff on Indian oil purchases from Russia.
- Go To Page 1
'Propaganda': Peter Navarro slams Elon Musk after his X post on India’s Russian oil purchases gets fact-checked
Peter Navarro, former Trump advisor, lashed out after being fact-checked on X for spreading misinformation about India's Russian oil purchases. He accused Elon Musk of allowing "propaganda" and reiterated his claim that India is exploiting the situation for profit. Navarro insisted India didn't buy Russian oil before the Ukraine invasion.
India will be at negotiating table 'in a month or two': US Commerce Secretary Howard Lutnick
US Commerce Secretary Howard Lutnick suggests India will eventually seek a deal with Donald Trump, despite current tensions over Russian oil purchases. Lutnick criticized India's increased reliance on discounted Russian oil and its role in BRICS, urging New Delhi to align with the US. He believes economic realities will compel India to prioritize its relationship with the American consumer.
'US disappointed with India continuing to help fund Russia's war in Ukraine,’ says White House adviser
The US expresses disappointment over India's trade with Russia, suggesting it aids Russia's war efforts in Ukraine. India rejects these criticisms, asserting its energy procurement is driven by national interest following discounted Russian oil purchases post-Ukraine invasion. Tensions rise as the US imposes tariffs, questioning India's strategic partnership amid increased Russian oil imports.
Reliance remains compliant with sanctions; Russian oil adds just 2.1% to EBITDA
Analysts suggest Reliance Industries, despite being India's top buyer of Russian oil, is expected to maintain compliance with international sanctions. The financial benefit from refining Russian crude is limited, contributing only a small fraction to Reliance's consolidated earnings. Experts highlight Reliance's history of adhering to Western sanctions, indicating a likely continuation of this practice.
Indian Oil skips US crude, buys Nigerian, Mideast oil via tender, say sources
Indian Oil Corp bypassed U.S. oil in its recent tender, opting for 2 million barrels of West African crude and 1 million barrels of Middle Eastern grade. The decision comes after previous purchases of U.S. oil, driven by a favorable arbitrage window. However, the landed cost of U.S. crude proved higher compared to other available grades.
Trump pressures European leaders over Russian oil purchases, White House official says
President Trump, in a combative call with European leaders and Zelenskiy, urged Europe to halt Russian oil purchases, accusing them of funding Moscow's war in Ukraine. He also pressed Europeans to exert economic pressure on China for supporting Russia's war efforts. Trump questioned the seriousness of security guarantees for Ukraine while European nations continue to fuel Russia's economy.
Trump pressured European leaders over Russian oil purchases, says White House official
During a call with European leaders, former U.S. President Donald Trump urged Europe to cease purchasing Russian oil, asserting that these purchases are financing Russia's war against Ukraine. Trump also stressed the importance of European leaders applying economic pressure on China, citing China's financial support for Russia's war efforts.
Indian envoy highlights growing hydrocarbon trade with US in discussions with American lawmakers
Indian Ambassador Vinay Mohan Kwatra engaged with US lawmakers, emphasizing India's growing hydrocarbon imports from the US and overall bilateral trade. Discussions covered energy security, trade relations, and the Indo-Pacific region. Kwatra also highlighted India's support for resolving the Ukraine conflict through dialogue, amidst concerns over tariffs and Russian oil purchases.
Imposed tariffs against India for purchasing Russian energy products: Trump admn tells Supreme Court
The Trump administration has imposed tariffs on India for buying Russian energy. These tariffs are a response to Russia's war in Ukraine. The US Supreme Court is reviewing the legality of these tariffs. The administration argues they are crucial for peace and economic prosperity. India views the tariffs as unjustified and is taking steps to protect its interests.
The energy transition is now a national security issue. Just ask India
India faces scrutiny over Russian oil imports, highlighting energy security concerns. The nation heavily relies on oil imports but is more self-sufficient in electricity, mainly from coal and renewables. While oil dependence seems strong, boosted by discounted Russian oil, India is pushing for electrification and renewable energy.
US tariffs hurting Indian exports; Russian oil giving big boost to balance of payments: Urjit Patel
Patel noted that Indian exports to the United States have been hit hard. “About 55 per cent of our exports to the US at the moment are facing punitive tariffs, and these are the sectors where the pain needs to be mitigated,” he said. According to him, while the US accounts for 13 per cent of world trade, “87 per cent of global trade is carrying on as before, so there is scope for trade deepening.”
India engages US lawmakers on Pakistan-based terror
US Congressmen Brian Fitzpatrick and Chrissy Houlahan engaged with Indian officials, addressing Pakistan's cross-border terrorism and infrastructure concerns. Discussions also covered India's Russian oil imports, with Indian officials clarifying that these purchases were influenced by US encouragement to maintain global economic stability. The US lawmakers also visited Pakistan after taking a detour via Nepal.
Russia says in talks to India for new deliveries of long-range S-400 missile systems
Russia and India are in discussions to increase deliveries of the S-400 surface-to-air missile systems, according to a Russian defense export official. India already possesses the S-400 system and seeks to expand cooperation in this area, with negotiations currently underway for new deliveries. Despite delays, Moscow is expected to deliver the final two units in 2026 and 2027.
Indian refiners' 'signalling' plans to trim Russian oil imports after pressure, claims US Congressman after India visit
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 Security Advisors.
Russian crude discounts widen; India continues purchases despite US pressure
Washington is increasing pressure on New Delhi over its growing imports of Russian oil, even as Moscow offers deeper discounts. The US has imposed tariffs on Indian goods, including a 50% tariff on Russian oil imports, citing concerns that these purchases are funding Russia's war in Ukraine. Despite US pressure, India is likely to continue procuring Russian crude.
Peter Navarro rakes up 'caste' over New Delhi's Russian oil deals
Peter Navarro criticized India's Russian oil imports. He claimed some elites are benefiting at the expense of ordinary Indians. The US has pressured India to halt these purchases. India defends its actions as stabilizing the global oil market. The US has imposed tariffs on Indian exports in response. These tariffs may impact exporters and jobs.
Modi-Putin bilateral talks: PM Modi speaks of strong energy ties and co-operation with Russia to end Ukraine war
Prime Minister Narendra Modi and President Vladimir Putin met in Tianjin, China, during the SCO Summit to discuss strengthening energy ties despite the U.S. imposing tariffs on India for Russian oil purchases.
Peter Navarro dubs Ukraine conflict as 'Modi's War'
The US has increased pressure on India regarding Russian oil imports. Peter Navarro accused India of supporting Russia's war efforts. He suggested India faces tariffs for not halting oil purchases. Navarro urged India, China, and Europe to stop buying Russian oil to end the conflict. He also cautioned India against aligning with China.
Democrats slam Donald Trump of tariffs, back India
US Democrats on the House Foreign Affairs Committee are against Donald Trump's policies. They say Trump is unfairly targeting India with tariffs for buying Russian oil. China, a bigger buyer of Russian oil, faces no such penalties. Democrats suggest Trump's actions are hurting US-India relations.
US Democrats slam Trump for singling out India with tariffs for buying Russian oil
The House Foreign Affairs Committee Democrats criticized Donald Trump for targeting India with tariffs for buying Russian oil while sparing China, a larger importer. They argue this policy is damaging the US-India relationship and benefiting Russia. The committee suggests Trump's actions are not genuinely about supporting Ukraine, as China faces no similar penalties.
Raghuram Rajan says India should reconsider Russian oil buys, asks who benefits & who is hurt
Former RBI Governor Raghuram Rajan has urged India to reconsider Russian oil imports after the Trump administration imposed 50% tariffs on New Delhi’s purchases. Rajan said refiners benefit from profits but exporters bear the tariff cost, calling the move a “wake-up call” for India to diversify trade and reduce reliance on any single partner.
India's Russian oil imports set to rise in September in defiance of US
India is poised to increase its Russian oil imports in September due to discounted prices and refinery outages in Russia caused by Ukrainian attacks. Despite U.S. tariffs and EU price caps, India continues to rely on Russian crude, benefiting from cheaper supplies while facing international scrutiny.
India's benefit from Russian oil imports exaggerated; actual gain at just $2.5 bn
A research report indicates India's gains from importing discounted Russian oil are lower than expected. The estimated benefit is around USD 2.5 billion annually. Stopping these imports could raise global crude prices. India relies on Russia for a significant portion of its oil needs. Other key suppliers include Saudi Arabia and Iraq.
Load More
