CNBC's Inside India newsletter: India's oil options in a post-Russia world
Written by Emily J. Thompson, Senior Investment Analyst
Source: CNBC
U.S. Tariffs on India: President Trump has imposed an additional 25% tariff on Indian exports, raising the total to 50%, citing India's purchase of Russian oil as a concern for fueling the war in Ukraine. This move could significantly impact India's economy, with estimates suggesting potential losses of up to $8 billion in exports.
India's Oil Imports: Despite international pressure, India continues to import Russian crude oil, which is seen as essential for stabilizing global prices. Indian officials argue that their oil purchases are in the national interest and necessary for meeting domestic demand, while also adapting their refining capabilities to accommodate different crude grades.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
