India has bought a nearly constant flow of Russian oil for the past two years. Prices fluctuated, but each year’s sales have been worth approximately $275 billion. Iraq and Saudi Arabia, traditionally India’s biggest suppliers, have been pushed to the side.

President Trump on Wednesday said he will impose a 25 percent tariff on India, as well as a penalty for buying military equipment and energy from Russia amid the war in Ukraine. “Remember, while India is our friend,

President Donald Trump says the United States and India are still negotiating on trade despite new tariffs slated to begin in a few days.