The fallout from stalled US-India trade talks could severely disrupt the flow of Russian crude to Indian refiners.

The US president said while India ‘is our friend’, it imposes stiff tariffs on US goods and buys too much Russian oil.

WASHINGTON: The United States will impose a 25 percent tariff on goods from India, plus an additional import tax because of India’s purchasing of Russian oil, President Donald…

The president said Wednesday that imports from India would be subject to a 25 percent tariff as of Friday, as trade talks between the countries hit a stumbling block.

The fallout from stalled US-India trade talks could severely disrupt the flow of Russian crude to Indian refiners.

It's one of many of Trump's new taxes set to go into effect Friday.

This comes as discounts narrowed in July and U.S. President Donald Trump warned countries not to purchase oil from Moscow, industry sources said.

The US president said he would penalise India if it didn’t cut Russian oil imports, on top of a general 25 per cent tariff

No pause on Russian imports by Indian oil firms which base decisions on ‘price, grade of crude, logistics and economic factors’

Indian officials confirmed Saturday the country is not altering policy and will continue buying oil from Russia, despite threats of a financial "penalty" from U.S. President…