US Politics

What to Know About India’s Purchases of Russian Oil

India may be forced to choose between the United States and Russia.
What to Know About India’s Purchases of Russian Oil
Russian President Vladimir Putin (R) shakes hands with Indian Prime Minister Narendra Modi during a joint news conference before the Eastern Economic Forum in Vladivostok, Russia, on Sept. 4, 2019. Mikhail Metzel/AFP via Getty Images
Andrew Moran
|Updated:
0:00
President Donald Trump issued an executive order on Aug. 6, raising the tariff rate on Indian goods entering the United States to 50 percent.

Trump pointed to India’s continued purchases of Russian crude oil as justification for the significant increase in levies on the nation’s exports.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."