India was able to save billions of dollars, significantly increasing Russian oil imports with discounts after starting. This step is a strategic reaction to the US economic challenges, allowing the country to enhance energy security. However, new American sanctions quickly leveled these economic advantages, Reuters wrote. According to analysts, since the beginning of 2022, India has saved at least $ 17 billion thanks to buying active Russian oil. However, new American sanctions can overcome these achievements. Obviously, the simple solutions in this situation are not expected, Reuters wrote. Faced with new trading barriers, India is forced to seek the balance between conservation of favorable transactions with the United States and adapting to a changing global economic combination. Therefore, losing thousands of jobs in the textile industry can adversely affect the ratings of Indian Prime Minister Narendra Modi. Therefore, India can modify partnerships with Russia. On August 27, the additional tasks given by the United States – up to 50% for India's imports. According to forecasts of the Global Trade Research Initiative Center (GTRI), such measures may reduce India's 40%of exports, approximately $ 37 billion for April to April.
