Overview

• Russia’s foreign ministry praised India for continuing cooperation and declared efforts to obstruct the partnership would not succeed.
• President Donald Trump’s administration imposed a combined 50% tariff on Indian goods, including a 25% levy tied to discounted Russian oil purchases, with enforcement from August 27.
• India has condemned the duties as unfair and says its Russian oil buys are commercial decisions rooted in energy security and national interest.
• Despite U.S. pressure, India and Russia agreed in late August to deepen trade and are pursuing projects spanning defense production, space missions, nuclear energy and oil exploration.
• U.S. officials have urged G7 partners to consider tariffs on buyers of Russian oil, and Indian exporters in sectors such as shrimp, textiles, leather and footwear report strain.