Trump’s tariff move comes just two days before the 1 August US deadline, dashing hopes of an interim India-US trade deal that could’ve helped avert higher tariffs.
Move comes after hectic parlays with Slovakia, which had held up package the last two days. Sanctions linked to the bloc’s planned phasing out of Russian energy by 2027.
External Affairs Minister Jaishankar said earlier this month that India was 'pressured' to not buy crude oil from Russia in light of sanctions imposed by US, EU.
At an event in New Delhi, US treasury official Anna Morris says Washington has not asked India to reduce its purchase of Russian crude. India was top buyer of Russian oil in 2023.
Russian FM also praises Islamabad's cooperation with Moscow in international fora such as UN & SCO. Pakistan is a key partner for combating trans-border crime & terrorism, he adds.
Any mechanism to stem the flow of Russian oil would need to be implemented by the national authorities, Josep Borrell said in an interview with the Financial Times.
Announcement by oil-producing cartel Sunday sent global markets into flux, with crude prices surging high. Experts say India will only feel effects in medium to long term.
Pakistan Finance Minister Ishaq Dar had earlier said that Islamabad wanted to have the crude oil deal with Moscow on terms similar to those agreed for New Delhi.
Ventures by Japan, South Korea and Taiwan illustrate how the race for REE security is accelerating, powered by both geopolitical tension and industrial strategy.
ThePrint had previously reported that India & Russia are talking about 5 more regiments of the S-400, but no contracts are to be signed during the Russian president's visit.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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