India, Russia and China
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India and Russia agreed to boost trade ties on Thursday as their foreign ministers met in Moscow, giving little indication that U.S. President Donald Trump's hefty tariffs on India for buying Russian oil would disrupt their relations.
Indian foreign minister defends crude imports, says buyers free to avoid refined products from India - Anadolu Ajansı
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As Prime Minister Narendra Modi travels to Tianjin for the Shanghai Cooperation Organisation (SCO) summit later this month, and India prepares to host Russian President Vladimir Putin later this year,
Russia expects to continue supplying oil to India despite warnings from the United States, Russian embassy officials in New Delhi said on Wednesday, adding that Moscow hopes trilateral talks will soon take place with India and China.
From India recalibrating its foreign policy as ties with the US nosedived and Indian exporters weighing Russia as a viable market, to the UN chief calling famine in Gaza a “failure of humanity” and Iran and European countries agreeing to resume nuclear talks,
It comes as U.S. President Donald Trump imposed an additional 25 percent tariff on India for buying Russian oil.
India's Russian oil imports declined in July after jumping the previous month as some refiners slowed purchases due to smaller discounts, while Indian fuel demand also typically dips during the monsoon season,
White House trade adviser Peter Navarro blasted India for continuing to buy Russian oil and said he expects punitive tariffs of 50% on imports from the South Asian nation to kick in as planned next week.