India and Russia agreed to boost trade ties on Thursday as their foreign ministers met in Moscow, giving little indication that U.S. President Donald Trump's hefty tariffs on India for buying Russian oil would disrupt their relations.

US Treasury Secretary Scott Bessent claimed some of the “richest families in India” benefited from the purchase of Russian crude oil, while reiterating plans to boost tariffs on the South Asian nation.

It comes as U.S. President Donald Trump imposed an additional 25 percent tariff on India for buying Russian oil.

Russia sees potential to export liquefied natural gas to India, news agencies quoted First Deputy Prime Minister Denis Manturov as saying on Wednesday.

In this episode of Newshour Agenda, Madhavdas GK is joined by an expert panel to discuss the U.S.-India tariff tensions and what's ahead in detail. Joining the discussion, Dr. Dave Brat said, 'We're experiencing a bit of an internal revolution here,

In a joint press conference with Russian Foreign Minister Sergey Lavrov, Jaishankar hailed the India-Russia relationship.

India's Russian oil imports declined in July after jumping the previous month as some refiners slowed purchases due to smaller discounts, while Indian fuel demand also typically dips during the monsoon season,