Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
RelevanceDefaultDate
    No Records Found
    ❯❯
    MaximizeMaximizeMaximize
    0 / 200
    Expand Note
    Add to Folder

    No Folders have been created

      +

      Are you sure you want to delete "My most important" ?

      NOTE:

      News
      Showing Results for :
      Reset Filters
      Results Found:
      AI TextQuick Glance by AIHeadnote
      Show All SummariesHide All Summaries
      No Records Found

      News

      Back

      All News

      Showing Results for :
      Reset Filters
      Showing
      Records
      ExpandCollapse
        No Records Found

        News

        Back

        All News

        whatsappJoin Channel
        Showing Results for : Reset Filters
        Case ID :
        Customs & Trade

        Tariffs on India over Russian oil prompted Moscow to seek talks with US: Trump

        August 15, 2025

        📋
        Contents
        Note

        Note

        -

        Bookmark

        print

        Print

        Login to TaxTMI
        Verification Pending

        The Email Id has not been verified. Click on the link we have sent on

        Didn't receive the mail? Resend Mail

        Don't have an account? Register Here

        New York/Washington, Aug 15 (PTI) US President Donald Trump has claimed that the tariffs imposed on India for purchasing oil from Russia have influenced Moscow's decision to seek a meeting with Washington, as the country was losing its “second largest customer”.

        The comments come ahead of Trump's high-profile meeting with Russian President Vladimir Putin, scheduled for Friday in Anchorage, Alaska.

        In an interview with Fox News on Thursday, Trump said, "I think everything has an impact," and claimed that when he told India that "we're going to charge you, because you're dealing with Russia and oil purchases", it "essentially took them out of buying oil from Russia".

        "And then they (Russia) called, and they wanted to meet. We're going to see what the meeting means. But certainly, when you lose your second largest customer, and you're probably going to lose your first largest customer, I think that probably has a role.

        "India was the second largest, and getting pretty close to China. China is the largest (purchaser of Russian oil)," the US president said.

        India on Thursday said it has not halted oil purchases from Russia in response to the US President's tariff threat and continues to buy based solely on economic considerations.

        Trump last week announced an additional 25 per cent tariff on US imports from India -- raising the overall duty to 50 per cent -- as a penalty for the country's continued imports of Russian oil. The tariffs will come into effect from August 27.

        Since the steep tariffs are likely to hit the USD 40 billion of non-exempt exports that India does to the US, there has been chatter around stopping or curtailing oil imports from Russia.

        However, AS Sahney, Chairman of Indian Oil Corporation (IOC), the country's largest oil firm, has clarified that there is "no pause" on Russian oil imports, and India's intent to continue buying Russian oil remains unchanged.

        "We continue to buy, purely based on economic considerations, that is to say if the pricing and characteristics of the crude make sense in our scheme of processing, we buy," he told reporters in New Delhi.

        Responding to the US tariffs, the Ministry of External Affairs had said that the targeting of India is unjustified and unreasonable.

        “Like any major economy, India will take all necessary measures to safeguard its national interests and economic security,” it said.

        Trump has said that India’s purchasing of Russian oil is “fuelling” the war machine. PTI YAS SCY SCY

        Tariffs on India over Russian oil: US trade penalties aim to alter India's energy purchases, prompting diplomatic engagement. The United States imposed additional tariffs on Indian imports to penalize India's continued purchases of Russian oil, a step the US President said prompted Russia to seek talks after losing a major customer. India maintains it has not halted purchases and will buy crude based on commercial pricing and processing suitability, while its government called the US targeting unjustified and affirmed measures to protect national interests and economic security.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Tariffs on India over Russian oil: US trade penalties aim to alter India's energy purchases, prompting diplomatic engagement.

                                The United States imposed additional tariffs on Indian imports to penalize India's continued purchases of Russian oil, a step the US President said prompted Russia to seek talks after losing a major customer. India maintains it has not halted purchases and will buy crude based on commercial pricing and processing suitability, while its government called the US targeting unjustified and affirmed measures to protect national interests and economic security.





                                Note: It is a system-generated summary and is for quick reference only.

                                Topics

                                ActsIncome Tax
                                No Records Found