STORY: Across the Asia-Pacific region, U.S. trading partners are grappling with the latest steep import duties imposed by President Donald Trump.In India, nearly $40 billion worth of exports could be hit,

While India is viewed as a counterweight to Communist China, its ties to Russia are seen as too close, as Trump sours on Putin over the war in

President Trump said India would pay the price for buying Russian oil and military equipment. Here is a look at how India, with one of Asia's largest economies, is responding.

Indian officials confirmed Saturday the country is not altering policy and will continue buying oil from Russia, despite threats of a financial "penalty" from U.S. President Donald Trump.

But while the Indian government may not be deterred by Trump's threats, sources told Reuters this week that Indian state refiners stopped buying Russian oil after July discounts n

India will keep purchasing oil from Russia despite U.S. President Donald Trump's threats of penalties, two Indian government sources said, not wishing to be identified due to the sensitivity of the matter.