Russian oil

China imports roughly 1.4 million barrels of Russian oil per day by sea and approximately 900,000 bpd of Russian oil by pipeline.

Moscow, Beijing discuss Russian oil exports boost

Russia has been discussing with Chinese partners the possibilities of expanding oil exports to China

In September, 69% of Russia’s seaborne crude exports were carried on “shadow fleet” tankers, says the Centre for Research on Energy and Clean Air.

Trump’s India squeeze to push Russian oil further into the shadows

In the shadow market, Russian crude’s country of origin would be obscured, meaning it could end up in many places

Washington has called on its allies to impose tariffs on purchasers of Russian oil such as India and China.

G7 nations say they will target those continuing to increase Russian oil purchases

Russia has faced heavy sanctions from Western powers who have been considering ways to restrict financing for its war efforts

Trump told EU officials on Tuesday he was willing to broaden tariffs on Russian oil buyers such as China and India — possibly as high as 50% to 100% — if the bloc takes similar steps.

China chides ‘economic pressure’ over Trump threat of Russian oil tariffs

Trump suggests he is willing to broaden tariffs on Russian oil buyers such as China and India

Indian External Affairs Minister Subrahmanyam Jaishankar said that India and Russia must remove trade bottlenecks and reduce non-tariff barriers to reach the goal.

India and Russia seek to increase trade to US$100 billion as US ties fray

Russia is India’s fourth-largest trading partner, while India is Russia’s second-larges

US President Donald Trump has announced an additional tariff of 25 per cent on Indian goods exported to the US from Aug 27, as a punishment for buying Russian oil.

Russia expects India to keep buying its oil and seeks China-India-Russia talks

On average Russia gives a 5-to-7 per cent discount to Indian buyers

“The world economy is going through many apprehensions, there is an atmosphere of instability,” Narendra Modi says.

Modi defiant as Trump steps up pressure on India’s Russia oil purchases

The country’s refiners have been singled out by the European Union and the US for supporting Moscow during its war in Ukraine with the oil purchases

India’s refiners have been singled out by the European Union and the US for supporting Moscow during its war in Ukraine with the oil purchases.

India hasn’t stopped Russian oil purchases after Trump rebuke

The US leader has imposed a surprise 25% tariff on the country and threatened an additional penalty for its close ties with Moscow

A proposal to impose sanctions on any company or individual in any country involved in a Russian oil and gas sale, with Russia paying a per shipment fee to the US Treasury to avoid these so-called secondary sanctions, would ideally pressure Kremlin into serious negotiations to end the war against Ukraine.

A US tariff idea that makes sense

The benefits of a bipartisan Senate bill that targets Russian oil exports will work well