Russia Offers India 5% Oil Discount Amid U.S. Tariff Tensions
Russia has offered India a 5% oil discount amidst U.S. tariff escalations, reflecting a strategic partnership that emphasizes energy security and mutual economic interests despite geopolitical tensions. Russian officials assert that this cooperation underscores trust, particularly as U.S. sanctions aim to diminish India’s ties with Moscow. India has condemned the tariffs as unjustified, viewing them as a threat to its domestic industries and strategic autonomy. This situation highlights India’s delicate balancing act between securing discounted energy resources from Russia and maintaining a constructive relationship with the U.S., which is crucial for countering China’s influence in Asia. The evolving dynamics will significantly impact global energy politics.