Trump's penalty threat puts India in a bind over Russian oil
CNBC·2025-08-04 08:55
India is navigating a tricky balancing act after U.S. President Donald Trump threatened a "penalty" over its continued imports of Russian oil — a trade that New Delhi appears reluctant to end anytime soon. Despite Trump telling reporters Friday that he "heard" India would halt purchases, officials in New Delhi have remained noncommittal. Foreign ministry spokesperson Randhir Jaiswal said that the country decides its energy import sources "based on the price at which oil is available in the international mar ...