Russian oil exporters are predicted to take in $153 billion this year, according to the Kyiv institute. Fossil fuels are the single largest source of budget revenue. The imports support Russia's ruble currency and help Russia to buy goods from other countries, including weapons and parts for them.

President Donald Trump said on Monday that he will “substantially” raise tariffs on India because it’s still buying Russian oil. “India is not only buying massive amounts of Russian Oil, they are then,

Donald Trump said he planned to “substantially” raise tariffs on imports from India because of its purchases of Russian oil, in a new escalation of tensions between Washington and New Delhi.