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Trump's imposition of additional tariffs is "unfair, unjustified and unreasonable", the Ministry of External Affairs said. Shortly after US President Donald Trump announced an additional 25% tariffs on India on Wednesday, the Indian Ministry of External Affairs issued a statement, noting that the country will "take all all actions necessary to protect its national interests." The additional import levies have been slapped by Trump to "penalise" India for its continued purchase of Russian crude oil. The MEA, in its statement, said India's imports are based on market factors and done with the "overall objective of ensuring the energy security of...

President Trump took executive action Wednesday to hammer India with an additional 25% tariff due to its continued purchases of Russian oil. The move, which will take effect Aug. 27, will increase the total US tariff rate on India to 50% and comes ahead of Trump’s Friday deadline for Russia to make peace with Ukraine or face secondary tariffs or sanctions — penalties on countries that continue purchasing energy from Moscow. “The actions and policies of the Government of the Russian Federation continue to pose an unusual and extraordinary threat to the national security and foreign policy of the United...

United States President Donald Trump signed an executive order on Wednesday imposing an additional 25% tariff on India in response to its continued purchase of Russian oil. More to come...

Russia on Tuesday weighed into the growing spat between India and the U.S., with the Kremlin saying New Delhi is free to choose its own trading partners. -snip- The Kremlin, an important trading partner of India's and one which had stayed silent as the spat erupted in the last few days, commented Tuesday that Trump's tariff threats are "attempts to force countries to stop trade relations with Russia." "We do not consider such statements to be legitimate," Kremlin press secretary Dmitry Peskov continued, speaking to reporters Tuesday. "We believe that sovereign countries should have, and have the right to choose...

Kremlin spokesperson Dmitry Peskov warned on Tuesday that it is "illegal" to issue statements threatening to force countries to stop trading with Russia. He referred to comments made by United States President Donald Trump, who said he will impose tariffs on India because it buys "massive amounts" of Russian oil and resells it for "big profits." Peskov underlined that sovereign countries have the right to choose their trade partners.

On Tuesday, US President Donald Trump announced that he was contemplating a significant increase in tariffs on Indian imports within the next 24 hours due to India's procurement of Russian oil. Trump remarked in a CNBC interview that India has not been a favourable trading partner, pointing out that while India conducts extensive trade with the US, the US does not reciprocate. He added that although the tariff was initially set at 25 per cent, he expected to increase it substantially within a day due to India's purchase of Russian oil. "India has not been a good trading partner, because...

India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don’t care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA. Thank you for your attention to this matter!!! President DJT

A top aide to President Donald Trump on Sunday accused India of effectively financing Russia's war in Ukraine by purchasing oil from Moscow, after the U.S. leader escalated pressure on New Delhi to stop buying Russian oil. "What he (Trump) said very clearly is that it is not acceptable for India to continue financing this war by purchasing the oil from Russia," said Stephen Miller, deputy chief of staff at the White House and one of Trump's most influential aides. Miller's criticism was some of the strongest yet by the Trump administration about one of the United States' major partners...

US Secretary of State Marco Rubio said on Thursday that India's purchases of Russian oil are helping to sustain Moscow's war efforts in Ukraine and it is "most certainly a point of irritation" in New Delhi’s relationship with Washington, although not the only point of irritation. In an interview with Fox Radio, Rubio claimed that the US President is frustrated with the fact that India continues to buy oil from Russia despite having so many other oil vendors available and helping to fund Russia's war effort against Ukraine. -snip- One of the biggest points of contradiction that has stopped India...

The US has sanctioned eight India-based companies and five Indian nationals as part of its latest Iran-related sanctions action targeting entities engaged in trade of Iranian oil, petroleum products, and petrochemicals, and those identified as part of a shipping empire controlled by Mohammad Hossein Shamkhani — the son of Ali Shamkhani, a top political advisor to the Supreme Leader of Iran. In the latest action, announced Wednesday, the US Department of the State imposed sanctions on 20 entities and identified 10 vessels as blocked property. Simultaneously, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated more...

Kremlin spokesperson Dmitry Peskov commented on Thursday regarding threats issued by U.S. President Donald Trump to BRICS, an organization comprising Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates. Trump claimed the group has "anti-American policies" and said he will impose tariffs on it and its allies, with Peskov replying that BRICS "does not respond to threats" and is not aligned against any country, News.Az reports citing foreign media.

Indian state refiners have temporarily ceased purchasing Russian crude oil this week, primarily due to concerns over potential secondary tariffs threatened by U.S. President Donald Trump and reduced discounts on Russian oil. This decision by state-controlled refiners, which represent over 60% of India’s refining capacity, marks a shift from their regular imports of Russian oil since 2022. Indian refiners are now seeking alternative crude supplies from the Middle East and West Africa and have requested urgent guidance from the Indian oil ministry regarding future Russian oil flows.

Indian state refiners have stopped buying Russian oil in the past week as discounts narrowed this month and U.S. President Donald Trump warned against purchasing oil from Moscow, industry sources said. India, the world's third-largest oil importer, is the biggest buyer of seaborne Russian crude. Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemical Ltd - have not sought Russian crude in the past week or so, four sources familiar with the refiners' purchase plans told Reuters. IOC, BPCL, HPCL, MRPL and the federal oil ministry did not immediately respond to Reuters' requests for comment. The four refiners...

US president Donald Trump on Wednesday announced that India will have to pay 25 per cent tariff from August 1. Trump also said that India will have to pay an additional penalty for buying energy and arms from Russia. The 25% tariff rate announced for India is 1% less than the 26% declared by Trump in his April 2 'Liberation Day' conference. "Remember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious...

Indian Prime Minister Narendra Modi will not attend the May 9 parade, said Kremlin spokesperson Dmitry Peskov, APA's Moscow bureau reports. According to him, the Indian Prime Minister will not visit Moscow on May 9.