Trump Tariff: The oil trade between India and Russia has become quite strong in the last few years. Ever since Western countries banned Russia, India started getting Russian Urals grade crude oil at a huge discount. But now the clouds of danger are seen hovering on this business.After US President Donald Trump imposed 50% tariff on India’s exports, India’s major government oil companies – Indian Oil Corporation (IOC), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL) – have temporarily stopped the purchase of spot oil from Russia for the month of October.America pressure on India Russia oil tradeThis step has been taken at a time when the US is pressurizing Russia to end the Ukraine war. The Trump government feels that if big customers like India stop buying oil from Russia, then the Russian economy will have a big impact. Therefore, the US has decided to increase the tariff to bring India under economic pressure.This decision seems to have a direct impact on India’s foreign policy and energy strategy. Indian refineries typically purchase oil 1.5 to 2 months ago. But this time, no new deal has been made for the supply of October.Modi Putin Friendship: Putin will come to India to meet PM Modi to tease Trump! America will also be talked aboutDid India bow his head?The question is now in the discussion whether India has bowed down to American pressure? Government companies say that they have only stopped purchasing spots, no final decision has been taken on long -term supply. Currently, procurement from Russia has been postponed until clear instructions from the central government.What will be the effect on the oil market?The decrease in the purchase of India from Russia may benefit the oil producers of America, Middle East and Africa. On the other hand, Russia can sell oil by giving more discounts to China, although China does not buy Urals grade oil too much as it contains high sulfur content.This strategy of India seems to be trying to balance between diplomacy and energy security. On the one hand there is a US pressure, on the other hand there are also India’s oil needs. In the coming days, a clear policy can be revealed by the government on this issue. But at present, it is certain that the American tariff policy has shook the ongoing oil trade between India and Russia.TRUMP official spoiled speech, told India “Maharaja of Tariff”… India made a big charge over Ukraine warThe Post Trump Tariff: India scared of Trump’s tariff? Government oil companies banned purchasing crude oil from Russia, major government oil companies involve appeared first on Latest.