India will continue to buy Russian oil despite US tariffs, finance minister says
Summary
India will continue to buy Russian oil as it remains economical despite US tariffs on Indian goods imposed partly due to these energy purchases. The US has imposed a 50% tariff targeting India amid tensions over Russian oil imports.
Key Points
- India will continue to purchase Russian oil despite US tariffs on Indian goods.
- US has imposed a 50% tariff on Indian imports partly due to India's Russian oil purchases.
- India's Finance Minister Nirmala Sitharaman emphasized buying oil based on cost and logistics suitability.
- Indian PM Narendra Modi attended a summit with Russian President Vladimir Putin and Chinese President Xi Jinping, signaling closer ties against Western influence.
