U.S. penalty risk on Russian oil may add $9-11 billion to India's import bill, analyst say
The Hindu
India faces a $9-11 billion rise in oil import bill if forced to stop Russian crude, impacting economy.
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India’s trade data for November reveals continued resilience in exports despite mounting U.S. tariffs on several key products. This is particularly significant given that the U.S. remains India’s largest export partner by a substantial margin. Interestingly, overall exports have not only grown, but shipments specifically to the U.S. have also rebounded.












