Analyst: Trump's tariffs add complexity to India's energy balance sheet.
Analysts say that Trump's announcement of an additional 25% tariff on imports from India has added further complexity to India's energy balance sheet. The country's dependence on Russian oil has increased from 1% before the outbreak of the Russia-Ukraine conflict to over 30% now. The price stability advantage of Russian oil, which is difficult to replace, has put India in a dilemma.
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