Russia and India stressed their commitment to a "strategic partnership" in bilateral security talks in Moscow on Thursday, a day after U.S. President Donald Trump announced higher tariffs on imports from India because of its purchases of Russian oil.

Meanwhile, India's foreign ministry has hit out at what it calls U.S. hypocrisy in ignoring its own trade with Russia that has continued through the war in Ukraine, an allegation that Trump brushed aside but didn't deny. It's also important to note that Indian companies own stakes in many Russian oil fields.

Tariffs on Indian exports to the United States will surge to 50 percent by late August, as part of an effort by President Trump to pressure Russia into resolving its war in Ukraine.