Putin Drops ‘Bomb’! Ban on Buying Oil Leads to Trade Growth with Russia

On one hand, the US President Donald Trump is putting pressure by imposing an additional 25% tariff on India for buying Russian oil, on the other hand, trade with Russia has increased by 20% from the American side. This shocking revelation comes directly from the Russian President Vladimir Putin. The decision to ban Indian oil imports has consequences that are benefiting Russia in terms of trade. The trade scenario is shifting due to the diplomatic moves by Putin. Meanwhile, the rise in tariffs by Trump is fueling tension between the US and India.

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