India should halt sanctioned oil imports, seek tariff relief, and fair trade talks with US: GTRI
India should halt sanctioned oil imports, seek tariff rollback, and resume trade talks only on fair terms with US, the Global Trade Research Initiative (GTRI) said in a note, outlining a three-step plan for India to protect its trade interests under the ongoing bilateral trade agreement negotiation with America.
According to GTRI, India must first end oil imports from sanctioned Russian firms such as Rosneft and Lukoil to avoid exposure to secondary sanctions that could cripple financial and digital systems.
