Trade war: India’s Russian oil imports set to rise; move comes after US slaps 50% tariff

Despite increased US tariffs on Indian exports due to its reliance on Russian oil, India is expected to increase Russian crude imports by 10-20% in September. This move is driven by cheaper prices and Russia’s increased export availability. Despite increased US tariffs on Indian exports due to its reliance on Russian oil, India is expected to increase Russian crude imports by 10-20% in September. This move is driven by cheaper prices and Russia’s increased export availability.