President Donald Trump’s move to penalize India for buying oil from Russia will increase economic risks for the South Asian nation and test its longstanding ties with Moscow.

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.

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.