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3d ago

U.S. Signals Next Sanctions Phase as India Faces Pressure Over Russian Oil

Washington is pairing existing 50% duties on Indian exports with a push for EU-backed secondary penalties on Russian oil buyers.

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U.S. Treasury Secretary Scott Bessent speaks to reporters at the U.S. Capitol as Republican lawmakers struggle to pass U.S. President Donald Trump’s sweeping spending and tax bill, on Capitol Hill in Washington, D.C., U.S., June 27, 2025. REUTERS/Elizabeth Frantz/File Photo
Trump says he's ready to move to second stage of russia sanctions after moscow launches large aerial attack
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Overview

  • President Donald Trump said he is ready to impose a second phase of sanctions on Russia, offering no details on timing or scope.
  • Treasury Secretary Scott Bessent urged more secondary tariffs on countries purchasing Russian crude, arguing they could collapse Russia’s economy and seeking European support.
  • The United States has 50% tariffs in force on many Indian goods, including a 25% penalty tied to New Delhi’s Russian oil purchases, which India calls unfair and unreasonable.
  • After posting that the U.S. had lost India and Russia to “deepest, darkest China,” Trump later emphasized a “very special relationship” with India and said he would always be friends with Prime Minister Narendra Modi; Modi publicly reciprocated the positive sentiment.
  • India rejected offensive remarks by U.S. trade advisor Peter Navarro, maintained a wait-and-watch posture, and has engaged U.S.-based lobbyist Jason Miller for outreach in Washington, according to reports.