At least five civilians were killed today as the Russians bombed the city of Kramatorsk in the east of Ukraine. Russia is continuing its war effort in Ukraine under a looming 10th August deadline provided by US President Donald Trump to stop the war or face further sanctions.
New US sanctions against Russia, originally presented with a bill by Senator Lindsey Graham, aim to hit purchasers of Russian oil. India imported up to $52.7 billion of Russian oil last year alone. The Indian government has so far refused to cede to US pressure on the issue and said that it will keep buying Russian oil. However, India’s position is also threatened by the fact that it has not yet struck a trade deal with the US. The US is India’s biggest trading partner with last year alone, bilateral trade between the two countries reaching up to $131.84 billion.
US Treasury Secretary Scott Bessent said that India was not a good global actor for buying Russian oil, while the White House Deputy Chief of Staff Stephen Miller said that India was sustaining Russia’s war effort buy purchasing its oil. India along with China is one of the biggest buyers of Russian oil and it also sells Russian oil to third-parties as refined product. Last year alone, Russia exported up to $192 billion of oil. Oil revenues make a substantial part of the Russian government’s revenue.
Newsroom
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