External Affairs Minister S Jaishankar will visit Moscow on August 20-21, where he will hold talks with his Russian counterpart Sergey Lavrov. The visit comes days after the United States imposed an additional 25 per cent tariff on Indian goods in response to New Delhi's continued purchase of Russian oil.

For years, India has balanced close partnerships with both Washington and Moscow, even throughout Ukraine war. Trump is finally demanding it picks a side

Tariffs on Indian exports to the United States will surge to 50 percent by late August, as part of an effort by President Trump to pressure Russia into resolving its war in Ukraine.

When US President Donald Trump meets Russian President Vladimir Putin in Alaska on Friday to discuss ending Moscow’s war in Ukraine, the pair will meet for their first face-to-face encounter since Russia’s full-scale invasion began on US turf with close geographic and cultural links to Russia.

U.S. President Donald Trump says he expects to know quickly if a deal can be made with Russian leader Vladimir Putin to halt the war in Ukraine

Oil was little changed after slumping 5% last week as investors await details from US President Donald Trump’s meeting with Russian President Vladimir Putin to gauge the trajectory of supply additions to the global market.