India, Russia agree to boost trade ties after foreign ministers meet in Moscow

Indian goods face additional U.S. tariffs of up to 50%, among the highest imposed by Washington, due to New Delhi's increased purchases of Russian oil.

Western countries boycotting Russian crude say India's purchases are helping to fund Moscow's war in Ukraine. But New Delhi says its purchases are purely commercial transactions, and accuses the U.S. and European Union of double standards, noting that they continue significant trade with Moscow themselves.

"We have good results in cooperation in the hydrocarbon sector, in the supply of Russian oil to the Indian market. And we have a mutual interest in implementing joint projects for the extraction of energy resources, including in the Russian Federation - in the Far East and on the Arctic shelf," Russian Foreign Minister Sergei Lavrov said at a joint news conference with Indian Foreign Minister Subrahmanyam Jaishankar.