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.

US Treasury Secretary Scott Bessent claimed some of the “richest families in India” benefited from the purchase of Russian crude oil, while reiterating plans to boost tariffs on the South Asian nation.

The rapprochement is not about Trump's tariffs, but easing tensions on the disputed Himalayan border, writes Harsh V. Pant.

Earlier on Wednesday, Trump announced a 25% tariff rate on Indian goods, along with an unspecified “penalty” for its continued trade relationship with Russia.

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,

Already, China is on course to be in a significantly advantageous position vis-a-vis India after the August 27 secondary tariffs kick in.