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Trump’s Tariff Threat on India Over Russian Oil

CNN on MSN · 17m

Trump announces new additional 25% tariff on India as punishment for importing Russian oil

President Donald Trump announced an additional 25% tariff on India as punishment for importing Russian oil, according to a document posted on the White House website — an escalation of his trade battle with New Delhi and his first use of so-called secondary sanctions on countries the US says are fueling Moscow’s war machine.

NBC News on MSN · 31m

Trump hikes India tariffs to 50% for buying Russian oil

In an executive order, Trump says "I find that the Government of India is currently directly or indirectly importing Russian Federation oil" and due to those purchases, imports of Indian goods into the United States "shall be subject to an additional ... rate of duty of 25%."

BBC on MSN · 55m

Trump hits India with extra 25% tariff for buying Russian oil

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2 Russian oil refineries cut production

Russian oil exports will rise after drone strikes shut refineries, sources say

Russia plans to increase exports from its western ports to nearly two million barrels per day in August, about 200,000 bpd more than a previous estimate, after two refineries cut runs following Ukrainian drone attacks,

2 Russian oil refineries cut production after Ukrainian drone attacks, Reuters reports

Russia's Ryazan oil refinery halved its production and the Novokuibyshevsk refinery halted it completely on Aug. 2 after Ukrainian drone attacks, Reuters reported, citing undisclosed sources.

Ukrainska Pravda on MSN · 1d

Russia's Ryazan oil refinery halves output and Novokuybyshevsk stops operation after drone attack – Reuters

The Ryazan oil refinery, operated by Russian oil giant Rosneft, halted roughly half of its processing capacity following a drone strike on 2 August. Source: Reuters Details: According to sources, two major refining units were shut down after the attack – CDU-3 with a capacity of 8,

5hon MSN

Russia's Lukoil sets up a new oil trading arm in Dubai, sources say

DMCC, a trading arm of Russia's Lukoil, is shifting its business to a newly-created Dubai-based entity, four sources familiar ...

1don MSN

A shadowy fleet of ‘ghost ships’ is ferrying Russian oil to Indian ports

Beijing and New Delhi continue to defy U.S. sanctions on Russian crude, much of which is funneled through a growing fleet of ...

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