India, Trump and Russia
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Russia expects to continue supplying oil to India despite warnings from the United States, Russian embassy officials in New Delhi said on Wednesday, adding that Moscow hopes trilateral talks will soon take place with India and China.
Already, China is on course to be in a significantly advantageous position vis-a-vis India after the August 27 secondary tariffs kick in.
The rapprochement is not about Trump's tariffs, but easing tensions on the disputed Himalayan border, writes .
India and Russia agreed to boost trade ties on Thursday as their foreign ministers met in Moscow, giving little indication that U.S. President Donald Trump's hefty tariffs on India for buying Russian oil would disrupt their relations.
Peter Navarro alleged that the money India makes from trade with the US is being used to buy discounted Russian crude, which is then refined and resold at higher prices in other markets.
It comes as U.S. President Donald Trump imposed an additional 25 percent tariff on India for buying Russian oil.
India's Russian oil imports declined in July after jumping the previous month as some refiners slowed purchases due to smaller discounts, while Indian fuel demand also typically dips during the monsoon season,