Russian oil sanctions
Trump Announces "Fair Trade Deal" with India Nearing Completion, Promises Tariff Reduction
Nov 11, 2025 01:22 pm CST
President Donald Trump has revealed that the US is close to finalizing a "fair trade deal" with India and plans to reduce tariffs imposed on New Delhi. During the swearing-in ceremony of Sergio Gor as America's Ambassador to India, Trump mentioned that India has substantially reduced Russian oil purchases, which had previously triggered high US tariffs. The two nations have completed five rounds of negotiations and are reportedly close to concluding their bilateral trade agreement.
India Secures 6-Month US Sanctions Exemption for Strategic Chabahar Port in Iran
Oct 30, 2025 07:34 pm CST
India has received a six-month exemption from US sanctions for Chabahar Port in Iran, retroactive from October 29. The strategic port, where India has committed $370 million in investments, serves as a crucial Indian Ocean gateway and facilitates humanitarian aid to Afghanistan. This development comes amid ongoing India-US trade negotiations and highlights India's balanced approach to international relations while ensuring its energy security needs.
Russian Oil Tanker Reverses Course in Baltic Sea Following US Sanctions: Impact on India-Russia Oil Trade
Oct 29, 2025 09:56 pm CST
An India-bound tanker carrying Russian crude oil has made a U-turn in the Baltic Sea following recent US sanctions on Russian oil giants Rosneft and Lukoil, signaling potential major disruptions in the oil trade between Russia and India. The vessel Furia, loaded with 730,000 barrels of Urals crude, is now idling at sea as Indian refiners reassess their Russian oil purchases amid tightening international restrictions.
Marco Rubio Affirms US-Pakistan Relations Won't Compromise Historic India Partnership
Oct 27, 2025 12:32 am CST
US Secretary of State Marco Rubio reassures that America's growing strategic ties with Pakistan will not affect its deep, historic relationship with India. Speaking before meeting Indian External Affairs Minister S Jaishankar, Rubio addressed India's energy relationship with Russia and recent US sanctions on Russian oil exporters, while acknowledging ongoing trade tensions between the US and India despite their strong alliance.
Trump Claims Putin "Should Have Won Ukraine War In 7 Days" While Pursuing Peace Deal
Oct 16, 2025 12:18 pm CST
US President Donald Trump criticized Vladimir Putin's military performance in Ukraine, stating the Russian leader "should have won in one week" but is now in the conflict's fourth year. Trump claimed he nearly brokered a peace deal two months ago despite the "hatred" between Putin and Zelensky, and revealed India has promised to stop purchasing Russian oil. The president also affirmed that NATO allies are collectively increasing pressure to end the war.
Indian Senior Officials to Visit US for Advancing Bilateral Trade Agreement Negotiations
Oct 13, 2025 05:28 pm CST
A high-level Indian delegation is visiting the US this week to continue negotiations on the proposed Bilateral Trade Agreement, aimed at doubling trade to $500 billion by 2030. The talks come amid US tariffs on Indian goods and follow five previous rounds of discussions, with both nations working toward concluding the first phase by late 2025.
Trump Announces 100% Tariff on Pharmaceutical Imports Unless Companies Build US Manufacturing Plants
Sep 26, 2025 11:42 am CST
President Donald Trump has announced 100% tariffs on pharmaceutical imports effective October 1, 2025, with exemptions for companies actively constructing manufacturing facilities in the US. The policy could significantly impact India's pharmaceutical sector, which exports over $3.6 billion in products to the US annually. This move follows recent 50% tariffs imposed on India for purchasing Russian oil, as bilateral trade negotiations continue.