In a striking declaration, President Trump links India's tariffs on Russian oil purchases to significant economic repercussions for Moscow. As he prepares for a pivotal meeting with Putin, the implications of these tariffs loom large over international relations and energy markets.

The upcoming US-Russia summit may lead to a reduction in the 50% tariff threat the US has imposed on India’s imports of Russian oil, experts told CNBC-TV18. Former Ambassador Deepak Bhojwani suggests that President Trump is looking for a way to ease tensions and possibly roll back sanctions before the August 27 deadline.