Trump slaps additional 25pct tariff on India over Russian oil trade
The tariff, set to take effect in three weeks, comes on top of a separate 25 per cent duty entering into force on Thursday, according to the text of the executive order released by the White House.
The order also threatens potential penalties on other countries deemed to be "directly or indirectly importing Russian Federation oil."
Exemptions remain for items targeted by separate sector-specific duties such as steel and aluminium, and categories that could be hit like pharmaceuticals.
Trump has been ramping up pressure on India after signaling fresh sanctions on Moscow if it did not make progress by Friday towards a peace deal with Kyiv, as Russia's devastating invasion of its pro-western neighbour drags on.
India's national security adviser was in Moscow on Wednesday, media in New Delhi reported, coinciding with a visit by US envoy Steve Witkoff.
India's foreign ministry earlier said US pressure to stop it buying Russian oil was "unjustified and unreasonable" and that it would protect its interests.--AFP
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
2 hours ago
- The Star
Russian shelling kills three in southeastern Ukrainian town of Nikopol, governor says
(Reuters) -Russian artillery shelling killed three people and injured four on Wednesday in the southeastern Ukrainian town of Nikopol, the regional governor said. Serhiy Lysak, governor of Dnipropetrovsk region, said two men and a woman died in the attack. Nikopol, lying on the Ukrainian-held north side of the Dnipro River in the region, frequently comes under Russian attack. The RBK-Ukraine media outlet said the strike hit a car belonging to the state emergency services and one of the victims killed was an emergency worker. (Reporting by Ron Popeski and Oleksandr Kozhukhar; Editing by Sandra Maler)
The Star
2 hours ago
- The Star
Trump plans to meet with Putin as soon as next week, New York Times reports
FILE PHOTO: U.S. President Donald Trump and Russia's President Vladimir Putin talk during the family photo session at the APEC Summit in Danang, Vietnam November 11, 2017. REUTERS/Jorge Silva/File Photo WASHINGTON (Reuters) -U.S. President Donald Trump plans to meet in person with Russian President Vladimir Putin as early as next week, the New York Times reported on Wednesday, citing two people familiar with the plan. Trump then plans to meet with Putin and Ukrainian President Volodymyr Zelenskiy, the newspaper reported, adding that the plans were disclosed in a call with European leaders on Wednesday. The White House did not immediately respond to the report but earlier on Wednesday Trump acknowledged that he spoke with European leaders after U.S. envoy Steve Witkoff's "highly productive" meeting with Putin in Russia. While noting that "great progress" was made during the meeting, Trump wrote on Truth Social: "Everyone agrees this War must come to a close, and we will work towards that in the days and weeks to come." Trump, who promised to end Russia's war in Ukraine on "day one" during his presidential campaign, has held several phone calls with Putin and has met with Zelenskiy since returning to the White House in January. However, in recent weeks, he has become increasingly frustrated with Moscow over a lack of progress towards ending the three-year conflict. (Reporting by Jasper Ward and Andrea Shalal, Editing by Franklin Paul)
The Star
3 hours ago
- The Star
Zelenskiy says Russia seems more inclined now to a ceasefire
FILE PHOTO: Ukrainian President Volodymyr Zelenskiy speaks during a press conference on the first day of the two-day Ukraine Recovery Conference (URC2025), on plans for the reconstruction of Ukraine, in Rome, Italy, July 10, 2025. REUTERS/Guglielmo Mangiapane/File Photo KYIV (Reuters) -Ukrainian President Volodymyr Zelenskiy said on Wednesday that Russia seemed "more inclined" to a ceasefire, but details of a potential deal are of great significance and neither Ukraine nor the U.S. should be deceived by Moscow. President Donald Trump said his special envoy Steve Witkoff's meeting with Russian leader Vladimir Putin on Wednesday delivered "great progress," but Trump gave no specifics. Following the meeting, Zelenskiy had a call with Trump, joined by European allies. "Ukraine will definitely defend its independence. We all need a lasting and reliable peace. Russia must end the war that it itself started," Zelenskiy said on X. Trump, who has signalled frustration with Putin in recent weeks and has given the Russian president until Friday to make peace with Ukraine or face tougher sanctions, hailed Witkoff's visit as highly productive. But a White House official said the secondary sanctions that Trump has threatened against countries doing business with Russia were still expected to be implemented on Friday. An executive order introducing additional 25% tariffs on India for Russian oil imports was signed on Wednesday. "The pressure on (Russia) works. But the main thing is that they do not deceive us in the details – neither us nor the U.S.," Zelenskiy said. Ukraine has repeatedly called for an immediate and unconditional ceasefire. Russia, which now controls about a fifth of Ukrainian territory and proceeds with its advances on the eastern front, rejected the idea. National security advisers from Ukraine and allied nations were to meet soon to work out a "joint stance", Zelenskiy added. (Reporting by Yuliia Dysa; Editing by Leslie Adler)
