Russia Vows to Keep Selling Oil to India Despite U.S. Tariff Threat
Russia Vows to Keep Selling Oil to India Despite U.S.
Tariff Threat Russia will remain a key crude oil supplier to India, Russia’s Ambassador to India, Denis Alipov, said in aninterviewwith Asian News International, in which he also criticized the planned U.S.
legislation to slap tariffs on countries importing Russian oil.
Russia has become India’s single-biggest oil supplier in recent years, after the U.S., the UK, and the EU banned Russian oil imports and moved to increase sanction pressure on Russia following the invasion of Ukraine.
Congress is trying to pass a “bill from hell” against Russia, sponsored by late Senator Lindsey Graham.
The bill that proposes to give President Donald Trump authority to impose 100% tariffs on the biggest buyers of Russian oil and gas passed the Senate 86-11, butappears deadlockedin the House, amid disagreements among Republicans and concerns among Democrats that President Trump would have new authority to slap tariffs.
It’s unlikely that the bill passes in the House before the mid-term elections in November, analysts say.
Amid this background, Russia remains and will remain a key oil supplier to India, Moscow’s envoy to the world’s third-largest crude importer said.
“We would be ready to supply as much oil as India needs.
Unfortunately, those who impose sanctions and tariffs have taken the path of pressure tactics instead of honest cooperation, which prevents those countries from offering a better deal to India in oil than us,” Alipov told ANI.
“The world will not cope if Russian oil is excluded.
Russian oil will stay in the market for India and other countries.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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