U.S. President Donald Trump's demand on India to halt Russian oil imports could threaten billions in Russian revenues, prompt Moscow to retaliate by stopping a major U.S.-led oil pipeline and potentially lead to a new global supply crisis.

U.S. President Donald Trump’s latest salvo in his trade battles has targeted India, including that country’s reliance on Russian crude oil. So what’s the actual extent of India’s reliance on Russian fossil fuels?

Trade could be an impetus behind President Trump's threat to impose some kind of penalty on India over its imports of Russian energy. Why it matters: It would mark the first tangible carry-through from Trump's threats to hit Russian buyers to create leverage for a cease-fire in Ukraine.