Russian crude discounts widen; India continues purchases despite US pressure
Published on: Sept. 2, 2025, 4:29 p.m. | Source: The Economic Times
Washington is increasing pressure on New Delhi over its growing imports of Russian oil, even as Moscow offers deeper discounts. The US has imposed tariffs on Indian goods, including a 50% tariff on Russian oil imports, citing concerns that these purchases are funding Russia's war in Ukraine. Despite US pressure, India is likely to continue procuring Russian crude.
