11-February-2026
Economy News
 
US may refund small penalties on India over Russian oil buys
10-Feb-2026

The United States may partially refund the penalty imposed on India over imports of Russian crude oil after February 7, when President Donald Trump's executive order withdrawing the 25% additional levy on Indian imports for purchases of the commodity came into force, said people familiar with the matter.

News Source:- https://economictimes.indiatimes.com/news/economy/foreign-trade/us-may-refund-small-penalties-on-india-over-russian-oil-buys/articleshow/128127175.cms