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India's import bill to skyrocket by USD 9-11 billion post US penalty on Russian oil; here's how

DNA Monday, 4 August 2025 ()
India's annual oil import bill could surge by USD 9-11 billion if the country is compelled to move away from Russian crude in response to US threats of additional tariffs or penalties on Indian exports, according to analysts.
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News video: India REJECTS Trump’s SHOCKING Tariff Threats Over Russian Oil, Refuses to Bow; Not in 1971, Not Now

India REJECTS Trump’s SHOCKING Tariff Threats Over Russian Oil, Refuses to Bow; Not in 1971, Not Now 02:56

 India has firmly rejected U.S. President Donald Trump’s tariff threats over its continued purchase of Russian oil, vowing not to bow to external pressure. In a defiant statement, New Delhi reminded Washington that India stood its ground during past crises — including the 1971 war — and will do...

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