All posts tagged: India Russia oil trade

US senators call for 100% tariffs over Russian oil purchase in new bill | What it means for India

US senators call for 100% tariffs over Russian oil purchase in new bill | What it means for India

Published by Parlour News

Senators in the United States have called for tariffs of up to 100 per cent on exports from nations that purchase Russian oil. The bill, a softened version of the Sanctioning Russia Act, will target countries such as China, Slovakia, Hungary, Azerbaijan, and India. Earlier this year, amid trade tensions between the US and India, Graham announced that the bill had been greenlit by President Donald Trump. (@narendramodi X) The sanctions bill was championed by the late South Carolina senator Lindsey Graham and introduced in April 2025. Earlier this year, amid trade tensions between the US and India, Graham announced that the bill had been greenlit by President Donald Trump. In January 2026, the bill called for tariffs up to 500 per cent. However, the latest version of it calls for levies up to 100 per cent. What is the new bill about? Speaking at a press conference in Washington, Senator Richard Blumenthal stated that the new bill will bring tariffs on five major purchasers of Russian oil. “Those five major purchasers right now of …

MEA refuses to deny U.S. claims on India’s Russian oil imports

MEA refuses to deny U.S. claims on India’s Russian oil imports

Published by Parlour News

Ministry of External Affairs (MEA) Spokesperson Randhir Jaiswal addresses a weekly media briefing in New Delhi on February 12, 2026.. Credit:X/@MEAIndia. The Ministry of External Affairs (MEA) has once again refused to directly deny claims by the United States government on Russian oil imports on Thursday (February 12, 2026). This comes after a senior U.S. official said that India had reduced its purchases of Russian crude, as the U.S. “wanted [India] to.” The government expressed satisfaction at the amendments made by the U.S. administration to its “fact sheet” on the India-U.S. trade deal. The fact sheet, available on the White House website, has now dropped contentious references to pulses and agriculture, saying it reflects the “shared understanding” between India and the U.S. on trade. However, it continues to state that India has committed to stop buying Russian oil. “The Joint Statement is the framework and remains the basis of our mutual understanding in the matter. Both sides will now work towards implementing this framework and finalising the Interim Agreement,” MEA spokesperson Randhir Jaiswal said. “The …

Will India Have To Stop Buying Russian Oil? Here’s What US Trade Framework Says | India News

Will India Have To Stop Buying Russian Oil? Here’s What US Trade Framework Says | India News

Published by Webster

Last Updated:February 07, 2026, 10:55 IST On the issue of buying Russian oil, government sources told CNN-News18 earlier that India will stick to a “people-first approach” & continue purchase from markets giving best deal On Monday, when Trump announced that US and India had reached a trade deal, he categorically said India would stop buying Russian oil. (PTI) As India and the United States announced an interim trade framework on Saturday, the question on everyone’s minds was the same—will India now stop buying Russian oil as claimed by US President Donald Trump? A deep dive into the official joint statement on “interim framework”, which was released by New Delhi and Washington early on Saturday, does not mention Russia. However, a separate executive order issued by the White House does so, even though India has refrained from making an official statement on the issue. The executive order titled “Modifying duties to address threats to the United States by the government of the Russian Federation”, released by the White House, specifically mentioned that the US had lifted …