India ranks as the No. 2 importer of Russian oil since Russia’s invasion of Ukraine in February 2022, behind China, according to one research center.

President Trump has doubled tariffs on India to 50%, citing its Russian oil imports. The move heightens trade tensions and may hit Indian exports hard, straining US-India ties.

Key Points and Summary – With a Friday ceasefire deadline for the Ukraine war just two days away, President Trump is escalating his pressure campaign on Russia, believing a collapse in oil prices will force Putin’s hand.