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US Sanctions Bill Puts India-US Trade Deal in Focus

  • August 8, 2026
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The proposed US sanctions legislation targeting countries that buy Russian crude oil could add pressure to ongoing India-US trade negotiations, while also raising concerns over India’s crude import costs and the rupee, according to Bank of Baroda Chief Economist Madan Sabnavis. The proposed legislation has made the outcome of the India-US trade deal more important […]

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Amid US tariffs on Russian crude, India emerges as Ukraine’s leading supplier of diesel

  • September 1, 2025
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India has become Ukraine’s largest diesel supplier, despite facing a 50% tariff from the US. The US alleges that India is indirectly supporting Russia’s war against Ukraine by buying Russian crude. In July 2025, India supplied 15.5% of Ukraine’s total diesel imports, the highest share from any country. From January to July 2025, India’s share […]