La Derecha Diario India halted its purchase of Russian oil after warnings from the United States.
After President Donald Trump announced a 25% tariff on Indian imports as a penalty, India stopped purchasing Russian oil
The main state-owned refineries in Indiahave stopped buying Russian oil in the past week following diplomatic and economic pressure exerted by the Donald Trump administration on countries that continue to trade with the Kremlin.
India, the world's third-largest crude oil importer and the largest buyer of Russian seaborne oil, has seen its state-owned companies, Indian Oil Corporation (IOC), Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL) and Mangalore Refinery and Petrochemical Ltd (MRPL), withdraw from the Russian market in recent days.
Instead, the refineries have turned to alternative suppliers, such as Murban crude from Abu Dhabi and oil from West Africa, according to numerous sources.
Trump announces new tariffs on India.
Meanwhile, the Republican leader announced this Wednesday that he will impose a 25% tariff on imports from India starting Friday, August 1, as a penalty for the continued purchase of Russian energy and weapons.
"India has bought most of its military equipment from Russia and is one of the largest buyers of Russian energy. All this is NOT GOOD, especially when the world wants Russia to STOP THE WAR IN UKRAINE. For this reason, India will pay a 25% tariff plus an additional penalty starting August 1," Trump wrote on Truth Social.
India thus becomes the first country to face direct economic sanctions from the United States for continuing to trade with Russia in the context of the war in Ukraine. The White House also gave Moscow a 10-day deadline to end the conflict, warning that it will impose secondary sanctions on Putin's economic partners if there is no progress toward peace.
The United States deepens its relationship with Pakistan.
The relationship between the United States and India is going through a complex phase. Despite having described it as a "friend" nation, Trump harshly criticized India's participation in the BRICS trade alliance, calling it "anti-American."
The president also publicly pressured Apple to move its iPhone production from India to U.S. territory, in an attempt to encourage domestic manufacturing.
In contrast to this toughened stance, the president celebrated a new energy agreement with Pakistan this week, India's enemy, for the joint development of its oil reserves, as part of a strategy to distance Islamabad from China's economic influence.
"We are in the process of choosing the oil company that will lead this partnership," Trump wrote. "Maybe someday they'll sell oil to India!"
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