Sanctions Against Allies and Partners: That Happens as Well
... of a reduction in imports in early 2026 . Donald Trump’s statements following his phone conversation with Indian Prime Minister Narendra Modi on February 2, 2025 caused quite a stir. The American side announced its intention to eliminate the 25% Russia-related tariffs and reduce the remaining tariffs to 18%. Replacement oil supplies from Venezuela to India are expected. India has not yet officially announced a ban on oil imports from Russia. It is also important that Delhi has made reciprocal moves on tariffs....