Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
U.S. Tariffs Target India’s Russian Oil Strategy in Geopolitical Energy Gambit

U.S. Tariffs Target India’s Russian Oil Strategy in Geopolitical Energy Gambit

ainvest2025/08/29 05:42
By:Coin World

- U.S. escalates pressure on India by doubling tariffs to 50% over continued Russian oil imports, targeting Reliance and other refiners. - Indian refiners maintain significant Russian crude purchases (1.4-1.8M bpd) despite sanctions, exploiting discounted prices and global supply gaps. - India defends purchases as economically necessary, while U.S. accuses it of profiting from Russia's war-driven exports amid Ukraine conflict. - Analysts warn reduced Indian imports could destabilize global oil markets, but

India’s Reliance Industries is facing heightened U.S. scrutiny over its participation in the procurement of discounted Russian oil, as Washington seeks to curtail New Delhi’s support for Moscow amid the ongoing conflict in Ukraine. Reliance, along with other major Indian refiners, remains a key buyer of Russian crude, a strategy that has allowed India to secure lower-cost energy amid global price volatility. However, the U.S. has responded with escalating trade measures, including a doubling of tariffs on Indian exports to 50%, citing concerns over India’s continued economic engagement with Russia.

Trade data and industry sources indicate that Indian refiners, including Reliance and Nayara Energy, are expected to maintain their purchases of Russian crude in the range of 1.4–1.8 million barrels per day in September, despite U.S. pressure. Reuters reported that preliminary data suggests a 10–20% increase in Russian oil imports compared to August levels, driven by the availability of more discounted barrels and refinery outages in Russia. However, Bloomberg noted a separate but related development, stating that Indian refiners may modestly scale back purchases as a symbolic gesture to Washington, reducing daily imports to 1.4–1.6 million barrels from the current 1.8 million.

The U.S. trade pressure has been led by President Donald Trump, who first imposed 25% tariffs on Indian exports on August 1 and later raised them to 50% on August 27, with the stated aim of deterring India from continuing its purchases of Russian oil. Despite these measures, India remains a crucial customer for Russia, accounting for nearly 37% of its total oil exports. Analysts from BNP Paribas suggest that Indian refiners are unlikely to abandon Russian crude in meaningful volumes unless global trade economics or policy mandates shift significantly, given the economic advantages it offers.

The continued reliance on Russian oil has drawn criticism from U.S. officials, who accuse India of profiting from Moscow’s war-driven export strategy. However, Indian officials have defended the purchases, pointing out that Western countries continue to import Russian goods, including non-energy commodities. India has also pursued diplomatic solutions to the trade dispute, with Prime Minister Narendra Modi engaging in high-level discussions with global leaders, including Russian President Vladimir Putin.

The broader economic implications of a significant reduction in Indian Russian oil imports could be substantial. Analysts from CLSA and Kpler have warned that a sharp decline in New Delhi’s purchases could remove up to 1 million barrels per day from global oil supply, potentially pushing prices close to $100 per barrel. Such a scenario would not only affect global markets but also strain Moscow’s ability to sustain its military operations in Ukraine. However, given the current economic calculus, Indian refiners are expected to continue sourcing from Russian barrels at least until more definitive trade resolutions emerge.

The full impact of U.S. tariffs and sanctions on India’s oil imports may not be fully realized until October, as shipments scheduled for arrival in that period have only recently entered the trading process. This delay could allow for further diplomatic and economic maneuvering before any long-term shifts in India’s energy strategy become apparent.

U.S. Tariffs Target India’s Russian Oil Strategy in Geopolitical Energy Gambit image 0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Solana News Today: Investor Focus Shifts: Solana's Speed and Pepe's Momentum Lead Altcoin Charge

- Analysts highlight Solana (SOL) and Pepe (PEPE) as top altcoin growth picks for 2025, driven by technical execution and market momentum. - Solana’s high-throughput blockchain and expanding DeFi/Web3 ecosystem position it as a key infrastructure player with institutional appeal. - Pepe’s meme-driven surge, fueled by social engagement and liquidity, reflects investor appetite for community-backed tokens with viral potential. - Market trends favor projects with real-world utility and transparent governance,

ainvest2025/08/30 19:03
Solana News Today: Investor Focus Shifts: Solana's Speed and Pepe's Momentum Lead Altcoin Charge

DeFi's Resilience Defies Centralized Control Efforts

- Fold CEO asserts DeFi will survive centralized control attempts, emphasizing its open-access and user-sovereignty principles. - Regulatory scrutiny and cyber threats like credential theft and zero-day exploits highlight security challenges in DeFi. - Institutional interest and AI-driven security tools signal evolving infrastructure to mitigate risks and enhance resilience. - Short-term consolidation is expected as projects adapt to regulations, while decentralization resists unilateral control.

ainvest2025/08/30 19:03
DeFi's Resilience Defies Centralized Control Efforts

Dogecoin’s $10 Price Target: A Feasible Long-Term Bet or a Meme-Driven Mirage?

- Dogecoin (DOGE) trades at $0.2176 with a $32.51B market cap, requiring a $1.48T valuation to reach $10 per token. - Technical analysts identify $0.238 as a critical resistance level, while whale activity and macroeconomic factors like Fed policy pose market risks. - Fundamental challenges include unlimited supply, limited utility beyond meme status, and competition from newer meme coins like Shiba Inu. - Analysts agree DOGE's $10 target requires unrealistic conditions: sustained bull markets, institution

ainvest2025/08/30 19:00
Dogecoin’s $10 Price Target: A Feasible Long-Term Bet or a Meme-Driven Mirage?