Russia Vows to Defy 100% US Tariffs and Maintain Massive Oil Pipeline to India

Russia's Ambassador to India confirms Moscow will remain the primary crude supplier to the world's 3rd-largest importer despite aggressive US legislative threats. The US Senate passed a bill 86-11 proposing to give the President authority to impose 100% tariffs on major Russian oil buyers. The legislation remains deadlocked in the House amid partisan disagreements and is unlikely to pass before the November mid-term elections. India's crude imports from Russia eased slightly in August from July's record highs following Ukrainian attacks on Russian export infrastructure and heavy Chinese competition for barrels. "The world will not cope if Russian oil is excluded. The energy markets cannot afford that." — Denis Alipov