India's Russian oil gains wiped out by Trump's tariffs - Business News, Finance News, Share Market News - Market trendz

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Thursday, 28 August 2025

India's Russian oil gains wiped out by Trump's tariffs


India's increased Russian oil imports, saving billions, now face disruption due to new U.S. tariffs, potentially slashing exports and impacting jobs. This strains the delicate balance between India's vital partnerships with both Russia and the U.S., forcing a recalibration of its foreign policy amid geopolitical pressures and economic concerns. The situation could also embolden China as a counterbalance.

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