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Russia could face a sharp drop in oil revenues if US President Donald Trump succeeds in pushing India to scale back or halt purchases of Russian crude, potentially forcing Moscow to cut prices to attract alternative buyers, analysts and traders told Reuters.The development comes after Trump said a recent US-India trade deal included provisions linked…
India-US trade deal (AI image) Has India managed to secure the ‘father of all deals’ with the US? American President Donald Trump and Prime Minister Narendra Modi took everyone by surprise this week when they announced that the tariff rate on Indian goods to the US will be reduced to 18%. While a trade deal…
NEW DELHI: The India-US trade deal is unlikely to lead to a near-term reduction in India’s imports of Russian crude oil, with supplies to be stopped from sanctioned entities such as Rosneft and Lukoil.While govt is yet to comment on US President Donald Trump’s claim that India will stop Russian crude purchases, officials pointed out…
India will restrict crude oil purchases from Russia and limit imports only to cases where supplies are irreplaceable, as part of a broader understanding reached with the United States to secure lower trade tariffs, sources quoted by news agency PTI claimed.While no immediate blanket ban is planned, Indian refiners will not place fresh orders for…
At present, the precise terms of the agreement have not been disclosed. (AI image) India-US trade deal: After months of stalemate, India and the US have finalised a trade deal that reduces tariffs imposed on New Delhi to 18%, placing the country at an advantageous position compared to other export competitors like China, Pakistan, Bangladesh,…
PM Modi-Trump (File photo) US President Donald Trump announced a breakthrough India–US trade deal, unveiling a sharp cut in tariffs on Indian exports to 18% and signalling a fresh momentum in bilateral economic ties. Prime Minister Narendra Modi welcomed the announcement, calling it a boost for cooperation between the world’s two largest democracies.The deal comes…
US Senator Lindsay Graham has linked the US trade deal to India lowering crude oil imports from Russia, and hailed Trump’s pressure tactics. (AI image) India-US trade deal: Lindsey Graham, the US Senator, who was propagating a bill that would impose 500% tariffs on countries buying Russian crude oil has said that India has ‘earned’…
India and the US have announced a trade deal, with the Trump administration lowering the tariffs on Indian exports to 18%. (AI image for representative purpose) US President Donald Trump has reportedly agreed to remove the 25% tariff America imposed on India for its crude oil imports from Russia. A New Delhi–based source quoted in…
PM Modi with US president Donald Trump (file photo) India-US trade deal announced: US President Donald Trump on Monday announced that India and the US have finalised a trade deal. Ahead of the announcement, Trump spoke to PM Modi. The deal comes after several months of negotiations, in between which the Donald Trump administration levied…
US President Donald Trump on Sunday said India is set to begin purchasing Venezuelan oil. Venezuela controls the world’s largest oil reserves and has reformed laws to open the sector up to private investment, following the US capture of President Nicolas Maduro on January 3. Trump’s comments come after months of trade tensions between India…
