Russia Remains India’s Top Oil Supplier Despite U.S. Pressure

Russia kept its number-one spot as the biggest crude oil supplier to India in July, despite U.S. pressure on India over its continued imports of Russian crude.   Amid difficult U.S.-India trade talks, the Trump Administration has singled out India to punish as a buyer of Russian crude. After weeks of threats, the U.S. hiked from August 27 the tariff on imports of Indian goods to a massive 50%, with 25% of this due to India’s Russian oil purchases.  The world’s third-largest crude oil importer, India, has significantly…