Story perspectives
India's Russian Oil Surge Raises US Tariff Concerns
8/30/2025
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Story summary
- In 2024, Reliance Industries generated €724 million from Russian oil, raising concerns about India's support for Russia's war in Ukraine.
- US tariffs on Indian imports have risen to 50%, affecting India's oil purchases and impacting US exporters.
- India now imports over 1.5 million barrels of Russian oil daily, a significant increase since 2022.
