India may face a $9–11 billion spike in oil import costs if US penalties force it to cut Russian crude. With EU sanctions also tightening, refiners like Reliance and Nayara could lose margins, ...

India’s annual crude oil import bill could rise by $9-11 billion if the country is compelled to move away from Russian crude ...

India has signaled that it will maintain its oil trade with Russia, brushing aside warnings from U.S. President Donald Trump about possible trade penalties.

Referring to the current global climate, Modi said, “The global economy is currently facing multiple uncertainties and an ...

Amid thawing ties between the Asian giants, commentators look at why the Indian leader should – or should not – visit China ...

India has dramatically increased its crude oil imports from the United States since President Donald Trump began his second ...

India’s import of Russian crude oil has jumped from 0.2% before the Russia-Ukraine war to about 35-40% of its total oil purchases, making it Moscow’s second-largest buyer after China.

On top of a new 25% tariff on India's exports to the US, Trump indicated in a Truth Social post last month that India would face additional penalties for purchases of Russian arms and oil. On Friday, ...

India to defy Trump’s threats and keep buying Russian oil, government sources say - India substantially increased its ...

Anonymous sources with the Indian government said Saturday that the country would continue buying Russian oil, despite ...

NEW DELHI (AP) — India has indicated that it would continue buying oil from Russia despite threats by U.S. President Donald Trump. The Indian foreign ministry said its relationship with Russia was ...

I understand that India is no longer going to be buying oil from Russia,” Trump told reporters. “That’s what I heard. I don’t know if that’s right or not. That is a good step. We will see what happens ...