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Policy▼ Bearish for Indian equities
US trade deal could shield India from 100% tariff under Russian sanctions law: Sources
The brief
- Graham Act allows tariffs of up to 100% on the largest buyers of Russian oil
- Tariff uncertainty exposes Indian refiners and exporters if US action targets Russian-oil buyers
- Russian crude supplies enabled India to cushion against oil supply shocks caused by West Asian war: Deputy FM
- Russian crude cushioned India from oil shock, says Andrey Rudenko
- Ukraine says it struck Russian oil refinery as drone attacks intensify
- How Trump’s diesel ban threat is making US exports more profitable
- India to hold firm on Russian oil as US-China truce extension puts it in the spotlight