By Admin 
Russian crude oil import: US President Donald Trump has imposed 25 percent penalty on India for import of crude oil from Russia. With this, the tariff on India has increased to 50 percent. The US believes that India and China are the biggest reason for the Russian attack on Ukraine. If it stops buying oil from Russia, then the attack on Ukraine will stop immediately.
Trump says that it is promoting the attack in Ukraine by purchasing oil from Russia. Trump has even said that India is funding Russia for an attack in Ukraine by purchasing oil from Russia. Due to this, the US government is constantly pressurizing India to stop buying oil from Russia and now it seems that the effect of this pressure is also visible somewhere.
Shocking revelation in the report
In the month of September, India bought less oil from Russia than in August. However, this decline is very minor. According to the tracking data of global real time data and analytics provider Capler, India’s oil imports from Russia in September stood at 1.60 million barrels per day, lower than a 5.4 percent level of August. According to Kepler’s report, in September, India’s government companies had crude oil imports from Russia on an average of 605,000 barrels (BPD), which is 32 percent lower at the average of April-August.
Did India really come under Trump’s pressure?
How many oils are to be supplied from Russia to India, it is made six-eight weeks before the contract delivery. That is, how many barrels of barrel oil are to be exported in September, it is decided in the contracts held in July and August. In July, Trump started publicly targeting India for the purchase of oil from Russia and by the first week of August, he also announced to impose penalty on India. Now only after the supply of oil from Russia in October, it will be clearly understood whether the pressure of the Trump administration has had some special effect or not?
What is the reason behind this?
Kepler said that a major reason for this can be the cost of transportation from Russia to India, in which there has been no decrease. The cost of freight from Russia to India from Russia increased by the end of September and early October. The discount on the purchase of oil has also decreased compared to earlier. Apart from this, there may also be a reason for increasing risks of US pressure from Russia and the need to diversify supply for government companies.
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