India's Oil Minister Hardeep Singh Puri asserts the nation's readiness to handle potential disruptions in Russian oil imports, even with possible sanctions from the US and NATO. Alternative suppliers like Guyana,

India remains unconcerned by potential secondary sanctions on Russian oil buyers, asserting its diversified supply sources will ensure uninterrupted crude flows.

India currently imports 1.6 to 1.7 million barrels of discounted Russian oil daily — roughly 35 per cent of its total crude demand. Donald Trump’s threat of 100 per cent secondary tariffs on Russian trade partners within 50 days could disrupt these flows and imperil a bilateral trade agreement with the US,

US President Donald Trump is trying again to end the war in Ukraine – not by targeting Russia, but by hitting the countries that buy Russia’s oil.

The official added that the Indian team is in Washington for the fifth round of negotiations on the proposed bilateral trade agreement (BTA).

Trump has signaled plans to impose new tariffs on pharmaceuticals and semiconductors as soon as the end of July, warning that rates on drug imports could eventually soar as high as 200 percent.

Consumer inflation had dipped to 2.82% in May. CPI data allows India room to ease rates at a time when Trump tariffs threaten growth. India’s economy rose by a faster-than-expected 7.4% in the quarter ended March.

European trade ministers were hopeful for a negotiated trade deal after Trump announced 30% tariffs on the European Union.