Hyderabad, Aug. 20 -- Amid mounting US tariffs on India, Russia, on Wednesday, August 20, announced that it will supply crude oil at a 5 percent discount.

"There will be a 5 percent discount, subject to negotiation, on Russian crude oil purchases to India. Despite the political situation, approximately the same level of oil will be imported," deputy trade representative of Russia to India, Evgeniy Griva said.

On August 6, United States President Donald Trump doubled trade tariffs on India, upto 50 percent, as a "penalty" for New Delhi's continued buying of Russian oil.

India condemned the "unfair, unjustified and unreasonable" move, which is likely to hit sectors such as textiles, marine and leather exports hard.

The previous day, the...