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India to hold firm on Russian oil as US-China truce extension puts it in the spotlight
The brief
- India plans to hold firm on Russian oil during the US-China truce extension
- Goyal is expected to repeat the ‘no compromise on national interest’ stance during next week’s US visit
- Any shift in Russian crude access could affect Indian oil refiners and oil marketing companies
- Oil Rises on Geopolitical Risks, Stockpile Decline
- India to continue diesel exports despite possible US ban amid tightening global fuel market
- Foreign secy Misri meets US lawmakers; Russia sanctions bill and India-US ties in focus
- Russia-Europe balancing act ahead for India as Modi lines up Dec visits
- US trade deal could shield India from 100% tariff under Russian sanctions law: Sources
India’s Russian oil imports and US tariff pressure
The extension of the US-China trade truce until January 10 raised concerns that India could face greater US tariff pressure over Russian oil. Replacing 1 million barrels per day of Russian crude could add up to $3.7 billion annually to India’s oil bill, while India was expected to maintain its position on national interest.
Sunday, 27 September
Friday, 25 September
- India to hold firm on Russian oil as US-China truce extension puts it in the spotlight