US Plans 500% Tariffs On Top Russian Oil Buyers. How It Will Affect India

Wednesday, 2 July 2025Newsdesk

India's imports of Russian oil saw a dramatic rise after the start of the Ukraine war, growing from less than 1 per cent of its total crude oil imports to a staggering 40-44 per cent in a short period.

New Delhi 02 July 2025

As per news report of NDTV,The United States is planning to tax countries that continue to trade with Russia even after Moscow's full-scale invasion of Ukraine three years ago. According to US Senator Lindsey Graham, a Republican from South Carolina, President Donald Trump has extended support to a proposed bill calling for 500 per cent tariffs on goods from countries continuing to trade with Russia, including India and China.

Source - NDTV