{"id":84513,"date":"2025-02-17T00:00:00","date_gmt":"2025-02-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/17\/us-india-talk-trade-ahead-of-retaliatory-tariffs-russia-might-be-forced-to-scale-down-oil-production\/"},"modified":"2025-02-17T00:00:00","modified_gmt":"2025-02-17T00:00:00","slug":"us-india-talk-trade-ahead-of-retaliatory-tariffs-russia-might-be-forced-to-scale-down-oil-production","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/17\/us-india-talk-trade-ahead-of-retaliatory-tariffs-russia-might-be-forced-to-scale-down-oil-production\/","title":{"rendered":"US + India talk trade ahead of retaliatory tariffs, Russia might be forced to scale down oil production"},"content":{"rendered":"

cs services agreement<\/p>\n

US and India trade<\/strong> concerns could be resolved within the next seven month<\/strong>s<\/strong>, with India offering to double its bilateral trade with the US to USD 500 bn by 2030, Reuters<\/a> reports. Both parties aim to reduce their trade gap, with promises from India to lower tariffs on US products and boost market access to US oil, gas, and farm products as it seeks to avoid Trump\u2019s swinging retaliatory tariffs. <\/p>\n

ALSO FROM INDIA- <\/strong>Russia\u2019s<\/strong> Novatek <\/strong>PJSC offered sanctioned LNG cargoes to Indian buyer<\/strong>s<\/strong> on the sidelines of New Delhi\u2019s India Energy Week conference last week, Bloomberg<\/a> reported last week, citing insider sources. Talks raised the potential sale of volumes from the Arctic LNG 2 \u2014 a Russian export plant sanctioned by the US back in 2023<\/a> \u2014 but Indian buyers have not agreed to purchase the fuel, sources added. <\/p>\n

India wants to play by the book:<\/strong> Indian Oil Secretary Pankaj Jain told reporters that Russian firms, including Novatek, met with Indian businesses, but the topic of Arctic LNG 2 was not mentioned in that specific meeting. Conversations involving Arctic LNG 2 were held in another round of meetings, sources confirmed to the newswire.<\/p>\n

And it's the same for oil:<\/strong> India is looking to only uptake Russian crude oil if it's supplied by firms and ships that do not fall under US sanctions, Jain told Reuters<\/a> on Thursday. \u201cWe don\u2019t want to take risk. We are not going to touch any cargo that involves sanctioned entit[ies] or ships in the supply chain,\u201d Jain added. India stands out as the second largest importer of crude oil from Russia after China.<\/p>\n","protected":false},"excerpt":{"rendered":"

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