US PoliticsWhat to Know About India’s Purchases of Russian OilIndia may be forced to choose between the United States and Russia.00CopyFacebookXTruthGettrLinkedInTelegramEmailSavePrintRussian 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 ImagesAndrew Moran8/6/2025|Updated: 8/6/20250:00X 1President 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.We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.Share this articleLeave a commentAndrew MoranAuthorAndrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."Author’s Selected ArticlesOil Prices Shrug Off OPEC+ Plans to Pause Supply HikesNov 03, 2025Kimberly-Clark to Buy Tylenol Parent Kenvue in $48.7 Billion DealNov 03, 2025US Oil Industry Braces for Lower Prices in 2026Oct 31, 2025Fed Cuts Interest Rates Again–What This Means for Your MoneyOct 30, 2025
