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As US President Donald Trump announced penalties on India in addition to a 25 per cent tariff- citing, in part, India’s trade ties with Russia- analysts warn the moving away could come at a significant cost. According to estimates, India’s import bill could rise by $9–11 billion if it is forced to pivot away from Russian oil.“Financially, the implications are …
Read More »India faces $9–11 billion oil bill spike: Pivot from Russian crude after Trump’s ‘penalty’ could hit margins- What analysts say – Times of India
