US tariff threat over Indian imports of Russian oil could backfire
If New Delhi reduced its purchases to zero, oil prices and inflation would jump
If New Delhi reduced its purchases to zero, oil prices and inflation would jump

New Delhi makes overtures to Moscow amid stalemate with Washington over Russian oil purchases

New Delhi describes threat as ‘unjustified and unreasonable’

Additional levies over Russian oil purchases raise rates on New Delhi to among the highest in the world

Narendra Modi under pressure over cheap crude imports as he seeks to limit economic damage from US

US permission to buy ‘on-water’ crude leaves Indian refiners still facing Middle East supply shock

India’s oil purchases from Russia are chokepoint between Washington and New Delhi