America Bank Beijing Brazil China Chinese Congress Donald Trump Economy Europe Export Exports Import India Iran media intelligence Moscow New Delhi New York News Media North America Oil Russia Sanctions Saudi Arabia
These are difficult times in India-US relations, not that the two nations have not been there before. When President Donald Trump signed into law the Lindsey Graham Sanctioning Russia and Iran Act of 2026, he set in motion the prospect of imposing tariffs of up to 100 per cent on countries importing Russian oil and gas. It does not mean penalties will kick in immediately, but China and India have been put on notice, the former lapping up one half of Russia’s crude exports followed by India at around 37 percent. The percentages vary: for instance, this July, Russia supplied…
News Timeline:
Track the development of this news story across the Internet.