Russian oil

In San Cristóbal (40%) and Carabobo-1 (~18%), ONGC Videsh still has stock. Caracas agreed to pay some of the about $600 million in unpaid oil dividends after 2023–24 flexibility, but additional US tightening forced ONGC to look for its own unique US licenses to operate and collect debts.

Howard Lutnick said that despite having 1.4 billion people, India does not buy even a bushel of corn from U.S.A., adding that the country will have to either buy American corn or face high tariffs.

“So, the president (Trump) called nonsense on that and said you got to stop that stuff. So, I think India, we’ll sort it out once they stop buying Russian oil,” Howard Lutnick added.

Peter Navarro brazened out, "It was a shame to see Modi getting in bed, as a leader of the biggest democracy in the world, with the two biggest authoritarians in the world in Putin and Xi Jinping. That doesn't make any sense.

It seems that even Trump administration’s officials have taken note of the anti-Brahmin rhetoric in India unleashed by Congress and other anti-BJP parties and realised that this narrative can be used to get things done and pressure the Modi government into acting as per US’s whims.

There are no sanctions on Russian oil by the United States, G7 countries and the European Union (EU), unlike Iranian oil and Venezuelan oil. India thus did not violate any international norms through its purchase of Russian oil, as it adhered to the price cap imposition.

Russian oil is once again flowing into Central Europe after a sudden disruption to the Soviet-era Druzhba pipeline after it was bombed multiple times in Russia by Ukraine

In an interview with Bloomberg, White House Trade Adviser Peter Navarro blamed India for being the reason behind the US and Europe funding Ukraine against Russia’s aggression.

The Donald Trump tariffs will apply to any items arriving for use in the United States from India or released from warehouses after 27th August.