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Russian oil gets cheaper for Indian buyers amid India-US trade standoff

  • On September 3, 2025, at the White House, US President Donald Trump announced the enforcement of secondary sanctions against India in response to its ongoing purchases of Russian oil.
  • Trump explained these sanctions as part of a broader strategy against Moscow and its allies while noting that Phase-2 and Phase-3 sanctions have not yet been applied but remain possible.
  • The tariffs on Indian goods have reached a total of 50 percent after an additional 25 percent sanction on August 27, and India’s Prime Minister Narendra Modi called the measures unjustified but stated India will bear increased pressure.
  • Trump emphasized that the sanctions directly affect Russia’s oil exports and warned India would face serious consequences if it continues buying Russian energy, claiming the actions have already caused substantial economic damage to Moscow.
  • These developments indicate rising economic tensions as the US signals potential further penalties, while Indian officials reaffirm their commitment to national interests and economic security despite external pressures.
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Bloomberg broke the news in United States on Tuesday, September 2, 2025.
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