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.
Timeline
Sunday, 27 September
- Russian crude supplies enabled India to cushion against oil supply shocks caused by West Asian war: Deputy FM
Russia increased oil supplies to India amid West Asian conflict disruptions
- Russian crude cushioned India from oil shock, says Andrey Rudenko
Russian oil supplies helped cushion India from an oil shock
Friday, 25 September
- India to hold firm on Russian oil as US-China truce extension puts it in the spotlight
India plans to hold firm on Russian oil during the US-China truce extension
- Replacing 1 million bpd of Russian oil could cost India up to $3.7 billion annually
Replacing 1 million bpd of Russian oil could add up to $3.7 billion to India’s annual bill
- India left more exposed to Trump's 100% oil threat as China gets tariff breather
India faces greater exposure to US tariff pressure over Russian oil as the US-China trade truce extends until January 10
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