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Tuesday, February 3, 2026
TopicRussian crude oil

Topic: Russian crude oil

Americans buyers bear almost all the cost of Trump’s tariffs

A study found that only about 4% of the tariff burden is shouldered by foreign firms, with a ‘near-complete’ pass-through of 96% to US buyers.

Trump threatens India with fresh tariffs on Russian oil, calls PM Modi a ‘good guy’

The latest comment comes as New Delhi and Washington have yet to sign a trade agreement. India’s purchase of Russian oil has reduced, but Moscow remains top source for crude.

Looking to 2026, India to bet on diversification of energy basket—not disengagement from Russia crude

US sanctions reshuffle India’s crude procurement, pushing refiners towards new intermediaries, the Middle East and Americas.

There’s a silver lining for India in the tightening of visa restrictions worldwide

India's Russian crude-buying 'spree' could be coming to an end because of a Trump 'change in tack', global media also writes.

Tanker on way to India reversed course. Oil trade disruption likely at play

The tanker filled with Russian crude is now idling in the Baltic Sea, a sign of potential disruption in oil trade after US tightened sanctions on Moscow.

India takes ‘no double standards’ line in response to UK’s Russian crude sanctions on Nayara

Sanctions announced by London Wednesday take aim at Rosneft and Lukoil, two of the largest Russian oil and gas companies. Nayara, an Indian company, is partly owned by Rosneft.

Nepal uprising ‘distraction’ for New Delhi & India’s top buyer of Russian oil escapes Trump’s wrath

Trump’s USD 100,000 H-1B thunderclap & its impact on India keep getting global media attention. ‘Could accelerate shift by multinationals to expand operations in India’. 

India returns fire after EU criticism over participation in Russia-Belarus exercise. ‘NATO was there too’

European Commission Vice President Kallas said New Delhi’s purchase of crude from Moscow & participation in the Russia-Belarus military exercise are 'obstacles' to EU-India cooperation.

US treasury secy slams Indo-Russia oil trade, says profits benefits India’s ‘richest families’

This follows Peter Navarro's comment that India is 'a global clearing house for Russian crude' & that the proceeds flow to India's politically connected energy titans & into Putin’s war chest.

Russia hopes to revive RIC, criticises US threat of sanctions against India

Comments by Russian diplomat in Delhi, Roman Babushkin, come amid renewed interest in the trilateral format, with India-US ties in a rough patch. EAM Jaishankar is currently in Moscow.

On Camera

Floundering PM Internship Scheme has seen 44% drop out since 2024 launch. Budget deals drastic blow

Only 21 percent of interns complete programme as Centre slashes budget by over 50% after poor joining and high attrition.

CDS Gen Chauhan in Armenia, focus on deeper defence ties including new deals

Armenia has procured significant defence equipment from India, including artillery guns, multi-barrel rocket launchers, air defence system, sniper rifles, weapons locating radars, anti-drone weapons.

Swiss report should now close Op Sindoor debate. Knowing when to stop the fight is key too

The key to fighting a war successfully, or even launching it, is a clear objective. That’s an entirely political call. It isn’t emotional or purely military.