US President Donald Trump signed an executive order on the introduction of an additional duty of 25% for India, which directly or indirectly imports oil from Russia. This is stated in the message of the White House.
It is noted, the duty rate is valid for goods imported or exported from a warehouse for consumption no later than 00: 01 Eastern Daylight Time 21 days after the date of this order, the exception – goods that have been loaded on a ship in port and are in transit – until 17 September 2025.
Trump’s threat to India for buying Russian oil began on 31 July when he announced 25% duties on Indian goods. On 4 August, he announced a “significant increase” in duties for India, but did not give a specific timeline. However, on 5 August, he said he would impose additional sanctions within 24 hours.
India’s foreign ministry said India’s imports are meant to ensure predictable and affordable energy prices for the Indian consumer – a “necessity driven by the global market situation”. But according to New Delhi, the same countries that criticise India are themselves trading with Russia – “unlike in our case, such trade is not even a vital national need”.
As Reuters reported on 2 August, India continues to buy oil from Russia.
Russia is India’s largest oil supplier, accounting for about 35 per cent of the country’s total supply. According to Reuters, India received about 1.75 million barrels of Russian oil per day in January-June this year, up 1 per cent from a year ago.