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Trump raises India tariff to 50% over Russia oil purchase

CNN on MSN · 1h

Trump vows more secondary sanctions for Russia oil buyers are coming, including potentially on China

US President Donald Trump warned Wednesday that more punishment was coming for countries buying Russian energy products after slapping a 25% tariff on India that is supposed to go into effect Thursday.

Trump orders India tariff hike to 50% for buying Russian oil

India, which now faces among the highest tariff rates imposed by the US, called the levy "unjustified and unreasonable".

The New York Times · 10h

Trump to Double India’s Tariff as Punishment for Buying Russian Oil

Tariffs on Indian exports to the United States will surge to 50 percent by late August, as part of an effort by President Trump to pressure Russia into resolving its war in Ukraine.

2 Russian oil refineries cut production

Russian oil exports will rise after drone strikes shut refineries, sources say

Russia plans to increase exports from its western ports to nearly two million barrels per day in August, about 200,000 bpd more than a previous estimate, after two refineries cut runs following Ukrainian drone attacks,

2 Russian oil refineries cut production after Ukrainian drone attacks, Reuters reports

Russia's Ryazan oil refinery halved its production and the Novokuibyshevsk refinery halted it completely on Aug. 2 after Ukrainian drone attacks, Reuters reported, citing undisclosed sources.

RBC Ukraine on MSN · 1d

Ukrainian drone strike cuts Ryazan oil refinery output in half – Reuters

After an attack by Ukrainian drones, the Ryazan oil refinery stopped the operation of two units. The enterprise is currently functioning at only 48% of its full capacity, according to Reuters. According to three industry sources,

14hon MSN

Trump Doubles India Tariff to 50% to Punish Russian Oil Buying

US President Donald Trump imposed an additional 25% tariff on Indian goods over its ongoing purchases of Russian energy, ...

8hon MSN

Trump hikes India tariffs to 50% for buying Russian oil

In an executive order, Trump says "I find that the Government of India is currently directly or indirectly importing Russian ...

19hon MSN

Russia's Lukoil sets up a new oil trading arm in Dubai, sources say

DMCC, a trading arm of Russia's Lukoil, is shifting its business to a newly-created Dubai-based entity, four sources familiar ...

2don MSN

A shadowy fleet of ‘ghost ships’ is ferrying Russian oil to Indian ports

Beijing and New Delhi continue to defy U.S. sanctions on Russian crude, much of which is funneled through a growing fleet of ...

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