Where Data Tells the Story
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Since Russia's invasion of Ukraine, India's imports of its crude oil have surged, causing tension with the U.S. to escalate.
On August 27, a 50% tariff is set to hit Indian imports to the U.S., with 25% of this being a penalty for importing Russian crude oil.
Today, India stands as one of Russia's biggest importers of crude, driven in part by its favorable prices.