Oil refiners in China have stepped up purchases of Russia’s flagship crude, seizing an opportunity to take discounted cargoes relinquished by India as Washington ramps up trade tariffs against New Delhi.

White House trade adviser Peter Navarro said India must stop buying and selling Russian oil if it wishes to garner favor with the Trump administration, which has upped tariffs on New Delhi to 50 percent.

Russia's President Vladimir Putin bids farewell to India's Prime Minister Narendra Modi following their meeting at the Kremlin in Moscow, Russia July 9, 2024. Sputnik/Gavriil Grigorov/Pool via REUTERS/File Photo NEW DELHI (Reuters) -India's Prime Minister Narendra Modi said he had held a phone call with Russian President Vladimir Putin on Monday and looked forward to continued exchanges in the days to come.

A call between the leaders of Russia and India affirmed the countries’ close ties despite Washington’s demands for New Delhi to wean itself off Russian oil. Indian Prime Minister Narendra Modi on Monday thanked his “friend,

White House trade adviser Peter Navarro said India must stop buying and selling Russian oil if it wishes to garner favor with the Trump administration, which has upped tariffs on New Delhi to 50 percent.