India and the US discuss a tariff bill on Russian oil, with talks deemed "reassuring" despite legislative uncertainties.

India faces the fresh prospect of being levied up to 100% tariffs if the Donald Trump administration is able to get a new Russian sanctions bill cleared and the US President…

If the US law is eventually enforced, India could face higher crude costs and pressure on its exports to the US, but refiners are unlikely to abruptly stop buying Russian oil.