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Tariff spoils India's Russian oil math
Financial Express Ahmedabad
|August 08, 2025
A US DECISION to double tariffs on Indian goods as punishment for ongoing purchases of Russian crude leaves the world's third-largest oil consumer in a tight spot and its refiners in disarray, but the move is unlikely to prompt a radical rethink in New Delhi.
For Prime Minister Narendra Modi, it's a dilemma that has cast the spotlight on an uncomfortably large oil import bill — as well as the dangers of walking a geopolitical tightrope in an age of exceptional volatility.
Bu hikaye Financial Express Ahmedabad dergisinin August 08, 2025 baskısından alınmıştır.
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