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Locked on 08/03/2025 12:30:45 PM PDT by Admin Moderator, reason:
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Posted on 08/03/2025 12:25:32 PM PDT by Mariner
NEW DELHI, Aug 2 (Reuters) - India will keep purchasing oil from Russia despite U.S. President Donald Trump's threats of penalties, two Indian government sources told Reuters on Saturday, not wishing to be identified due to the sensitivity of the matter.
On top of a new 25% tariff on India's exports to the U.S., Trump indicated in a Truth Social post last month that India would face additional penalties for purchases of Russian arms and oil. On Friday, Trump told reporters he had heard that India would no longer be buying oil from Russia.
But the sources said there would be no immediate changes. "These are long-term oil contracts," one of the sources said. "It is not so simple to just stop buying overnight."
Justifying India's oil purchases from Russia, a second source said India's imports of Russian grades had helped avoid a global surge in oil prices, which have remained subdued despite Western curbs on the Russian oil sector.
(Excerpt) Read more at reuters.com ...
Maybe the US should adopt Graham's 500% tariff lol
We should stop remittances back to India from the US.
That will get their attention.
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