BUSINESS● ELEVATEDSep 22 · Sep 22, 2026, 10:00 AM
Indonesia presses ahead with Russian oil imports despite ‘real risk’ of US penalties
South China Morning Post · global
Indonesia plans to press ahead with discounted Russian crude oil imports to secure domestic energy supplies and manage fiscal pressures, despite the risk of higher US tariffs as Washington moves to tighten economic pressure on Moscow. On Friday, US President Donald Trump signed into law an act that would give him authority to impose sanctions on Russia and slap tariffs of up to 100 per cent on the top five buyers of Russian crude oil, gas and military equipment, or countries that help Moscow...
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