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Time of India
12 minutes ago
- Time of India
No Order to Halt Russian Oil Imports Despite Trump Tariff Threat, Says Report
India Unfazed By Trump Tantrums; Gives This Big Directive To Refiners On Russian Oil Purchase India defies US President Donald Trump's threat on the purchase of oil from Russia. According to a Bloomberg report, citing people familiar with that matter, New Delhi has not issued any directive to its oil refiners to halt purchases of Russian crude. Bloomberg said no official decision has been made to stop imports from Russia. Trump on Wednesday slammed India for continuing to buy most of its military equipment and energy from Russia. Trump also imposed a 25% tariff on India and threatened an additional penalty for its close ties with Moscow. Watch this video to know more.#india #trump #russianoil #russia #oil #oilpurchase #oilrefineries #russiancrude #russianimports #trumpthreat #trumptariffs #trumpsanctions #us #indiarussiaties #modi #putin 1.5K views | 2 hours ago
India.com
12 minutes ago
- India.com
Trump Rages, But India Refuses To Fall In Line; Russian Oil Continues Flowing In
New Delhi: The Indian government has not instructed its oil refiners to stop buying crude from Russia, despite rising pressure from Donald Trump, reported Bloomberg, citing officials familiar with the matter. The clarification comes days after the U.S. president's remarks against New Delhi's continued ties with Moscow and his imposition of a surprise 25% tariff on Indian goods. Behind closed doors, officials are said to be watching the situation, but no formal decision has been made. Both government-run and privately owned refineries are still sourcing oil based on price and availability and remain free to choose suppliers that best fit their needs. There is no restriction in place, one of the officials in New Delhi told the TV news channel. During a media interaction earlier this week, Trump claimed he had 'heard' India would soon stop buying Russian oil. 'That is a good step,' he added, implying a shift in India's position. But sources in New Delhi say otherwise. Officials did ask some state-owned refiners to run alternate supply calculations. The request was part of internal scenario planning, said people with direct knowledge. It was not a command but an exercise, a 'what if' preparation in case Washington's pressure intensifies or the market shifts unexpectedly. Meanwhile, a report by The New York Times added a fresh layer. Citing two unnamed Indian officials, the newspaper said India would continue purchasing Russian crude even if Washington threatens sanctions. For now, that is where the compass points. India's dependence on Russian oil has grown rapidly since the Ukraine war. From almost no imports, Moscow has become India's top crude supplier, accounting for around a third of total deliveries. That pivot has stirred criticism in Washington and Brussels. Western leaders view the purchases as an endorsement of the Kremlin's war. If New Delhi backs off Russian oil, the cost could be steep. Gulf oil comes at higher prices. Transport and logistics costs are also different. A return to those markets may inflate India's oil bill, one of the Bloomberg sources said. Prime Minister Narendra Modi has held his ground on energy policy. His relationship with Russian President Vladimir Putin has remained warm. He visited Moscow only last month. Putin is expected to come to India later this year. Meanwhile, the Indian Oil Corporation has been hedging its bets. The state-run giant recently picked up 5 million barrels of crude from the United States and another 2 million from Abu Dhabi for short-term deliveries. According to traders who spoke to Bloomberg, these are standard diversification moves, not a signal of a policy shift. For now, the oil keeps flowing. Russian barrels continue to arrive at Indian ports. Trump's tariffs have stirred the waters, but the current in New Delhi seems steady at least for the moment.
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First Post
12 minutes ago
- First Post
Trump confirms special envoy Steve Witkoff to visit Russia ahead of sanctions deadline
Trump has previously threatened that new measures could mean 'secondary tariffs' targeting Russia's remaining trade partners, such as China and India. read more President Donald Trump confirmed Sunday (August 3) his special envoy Steve Witkoff will visit Russia next week, ahead of a looming US sanctions deadline and escalating tensions with Moscow. Speaking to reporters, Trump also said that two nuclear submarines he deployed following an online row with former Russian president Dmitry Medvedev were now 'in the region.' Trump has not said whether he meant nuclear-powered or nuclear-armed submarines. He also did not elaborate on the exact deployment locations, which are kept secret by the US military. STORY CONTINUES BELOW THIS AD The nuclear sabre-rattling came against the backdrop of a deadline set by Trump at the end of next week for Russia to take steps to ending the Ukraine war or face unspecified new sanctions. More from World Chinese scientists propose radical upgrade to PLA drones after drawing lessons from Ukraine war The Republican leader said Witkoff would visit 'I think next week, Wednesday or Thursday.' Russian President Vladimir Putin has already met Witkoff multiple times in Moscow, before Trump's efforts to mend ties with the Kremlin came to a grinding halt. When reporters asked what Witkoff's message would be to Moscow, and if there was anything Russia could do to avoid the sanctions, Trump replied: 'Yeah, get a deal where people stop getting killed.' Secondary tariffs Trump has previously threatened that new measures could mean 'secondary tariffs' targeting Russia's remaining trade partners, such as China and India. This would further stifle Russia, but would risk significant international disruption. Despite the pressure from Washington, Russia's onslaught against its pro-Western neighbor continues to unfold. Putin, who has consistently rejected calls for a ceasefire, said Friday that he wants peace but that his demands for ending his nearly three-and-a-half year invasion were 'unchanged.' 'We need a lasting and stable peace on solid foundations that would satisfy both Russia and Ukraine, and would ensure the security of both countries,' Putin told reporters. But he added that 'the conditions (from the Russian side) certainly remain the same.' Russia has frequently called on Ukraine to effectively cede control of four regions Moscow claims to have annexed, a demand Kyiv has called unacceptable. STORY CONTINUES BELOW THIS AD Putin also seeks Ukraine drop its ambitions to join NATO. Ukraine issued on Sunday a drone attack which sparked a fire at an oil depot in Sochi, the host city of the 2014 Winter Olympics. Kyiv has said it will intensify its air strikes against Russia in response to an increase in Russian attacks on its territory in recent weeks, which have killed dozens of civilians. Ukrainian President Volodymyr Zelensky also said Sunday that the two sides were preparing a prisoner exchange that would see 1,200 Ukrainian troops return home, following talks with Russia in Istanbul in July. Trump began his second term with his own rosy predictions that the war in Ukraine – raging since Russia invaded its neighbor in February 2022 – would soon end. In recent weeks, Trump has increasingly voiced frustration with Putin over Moscow's unrelenting offensive. (Except for the headline, this story has not been edited by Firstpost staff.)
