{
  "id": 10661738,
  "title": "India Unlikely to Ditch Russian Oil Despite Trump's 100% Tariff Threat",
  "url": "https://urgent.news/2026/09/29/india-unlikely-to-ditch-russian-oil-despite-trumps-100-tariff-threat",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T09:30:00.000Z",
  "source": {
    "name": "OilPrice",
    "slug": "oilprice",
    "url": "https://oilprice.com/Latest-Energy-News/World-News/India-Unlikely-to-Ditch-Russian-Oil-Despite-Trumps-100-Tariff-Threat.html"
  },
  "original_language": "en",
  "account": "India may struggle to replace all of its Russian crude oil imports despite U.S. President Donald Trump's threat of 100% tariffs on Russian goods, according to analysts. The \"Lindsey O. Graham Sanctioning Russia and Iran Act of 2026\" signed by President Trump authorizes tariffs of up to 100% on countries that heavily import Russian oil and natural gas. India, the second-largest importer of Russian crude oil after China, currently purchases nearly half of its crude from Russia. If tariffs were imposed, they could impact U.S. trade relations during ongoing negotiations for a bilateral trade deal between India and the United States. India expressed concerns about the implications of potential tariffs for both bilateral relations and the international energy market to various U.S. officials. While India has economic incentives to purchase Russian crude oil, the U.S. might also have an incentive not to significantly increase oil prices by imposing tariffs on India. Replacing Russian crude quickly could lead to increased import costs and domestic inflation in India, especially considering existing supply and shipping disruptions in the Middle East and high oil prices. However, the U.S. may avoid removing large quantities of Russian crude from the market at a time when oil prices are rising, gasoline prices are increasing even during off-peak seasons, and diesel prices are at record highs. India could potentially negotiate exemptions or waivers from the new U.S. sanctions law.",
  "summary": "India cannot and likely will not replace all the Russian crude oil it is importing despite the threat of 100% tariffs on its products in the United States, according to analysts. Earlier this month, U.S. President Donald Trump signed into law the “Lindsey O. Graham Sanctioning Russia and Iran Act of 2026,” which authorizes and expands statutory sanctions, tariffs, and prohibitions on Russia and…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}