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Russian oil

Editor's picks

Russian oil ‘penalty tariff’ slashed by Trump, no mention in trade deal framework, but Trump says US will ‘monitor’ purchase

OpIndia Staff -
The adidtional 25% tariff on Indian imports was imposed by the Trump administration in August 2025. The tariff will cease to apply on Indian goods exported into the USA on 7 February 12.01 am Eastern Standard Time.
Government and Policy

No reason to believe that India has reconsidered approach to energy cooperation with Russia: Russian foreign ministry on Trump’s claim that India will not...

OpIndia Staff -
The Russian government has dismissed US President Donald Trump's assertion that India has agreed to stop purchasing Russian oil as part of a newly...
News Reports

‘India is a great power now, not what we visited 25 years ago’: American journalist Tucker Carlson admits the US can’t dictate terms to...

OpIndia Staff -
Tucker Carlson opined that America’s arm-twisting and pressure tactics are outdated in a world where India, China, and Russia operate as poles of power and not junior partners.
Editor's picks

US Treasury Secretary Bessent says they may think of removing 25% tariff on India ‘now that purchase of Russian oil has collapsed’

OpIndia Staff -
 U.S. Treasury Secretary Scott Bessent indicated at the World Economic Forum in Davos that the Trump administration may lift a 25% tariff imposed on...
Editor's picks

Reliance Industries rejects Bloomberg’s claim that 3 tankers with Russian oil are headed to Jamnagar refinery this month

OpIndia Staff -
Reliance Industries Limited has strongly rejected a Bloomberg report published on January 2, 2026, which claimed three tankers carrying Russian Urals crude were heading...
Editor's picks

Reliance Industries resumes buying discounted Russian oil, uses non-sanctioned entities, Aframax tankers to deliver for domestic market

OpIndia Staff -
Reliance Industries Limited is sourcing the barrels for its Jamnagar refinery from non-sanctioned Russian suppliers.
Editor's picks

3 US lawmakers introduce resolution to end President Donald Trump’s 50% tariffs on India: Details

OpIndia Staff -
Three US House reps introduced a resolution to end Trump's 50% tariffs on India, calling them illegal under IEEPA. Triggered by Russian oil buys, the duties hurt workers and ties. It follows a Senate move on Brazil tariffs.
Opinions

Putin’s Delhi visit: Payments, people, new trade routes and a friendship built on trust. Read how the Modi-Jaishankar doctrine is at play in a...

Divyansh Tiwari -
In the background, the Modi–Jaishankar doctrine is evident. Multi-alignment, not non-alignment, strategic autonomy without yelling anti-West slogans, and a determined unwillingness to let either Washington or Beijing dictate whom India may cooperate with. This is as much about avoiding overdependence on China as it is about rejecting Western pressure.
Opinions

Sanctions, markets and margins: Why Reliance halting purchase of Russian crude for Jamnagar refinery doesn’t mean India has bent to the US

Divyansh Tiwari -
India and Russia continue to have deeper energy links that are structural rather than transactional. While Rosneft owns over 49% of Nayara Energy's Vadinar refinery in Gujarat, Indian PSUs possess nearly half of Rosneft's Vankorneft subsidiary, a substantial investment in Taas Yuryakh, and a longstanding position in the Sakhalin-1 project.
Editor's picks

Reliance Industries stops import of Russian crude oil amid ban by European Union and expiry of ‘wind down’ period by US: Details

OpIndia Staff -
The European Union, which serves as a key market for RIL, had declared a blanket ban on petroleum product imports that are derived from Russian crude oil in 3rd countries.
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