‘Inappropriate and inappropriate and unfair’: India called us the European Union on oil trade with Russia; Pan double standard | Bharat News
New Delhi: India on Monday raised the threat of US President Donald Trump’s “large extent” to increase tariffs on Indian goods on its continuous oil imports from Russia, called India’s target “inappropriate and inappropriate and unfair.,In a rapid words statement, the Ministry of External Affairs (Mea) defended India’s energy strategy, saying that its crude oil purchases from Russia are “forced by the global market conditions” not the political support of Moscow.The MEA said in a statement, “India will take all necessary measures to protect their national interests and economic security,” in a statement, while the US and the European Union continued themselves trade with Russia, including energy and vital items, despite opposing Ukraine’s struggle.
Trump reacted a few hours after India accusing India of “buying Russian oil on a large scale and selling it in the open market for big profits, and vowed to punish New Delhi by increasing the tariff. The US President had earlier signed an executive order on 1 August, titled ‘further interpersonal tariff rates’, slapping 25% of Indian goods on Indian goods.While the executive order had not formally mentioned “fine” for Russian oil and military imports, Trump’s rhetoric has increased in the last week. He earlier stated that India and Russia “could take their dead economies down together,” inspire India to claim that it remains the world’s fastest growing major economy.Mea also stated that it is called “double standard”, given that the European Union trade with Russia in 2024 was significantly higher than in India. For example, the European Union imports of Russian LNG recorded 16.5 million tonnes. The US also said in the statement, “Uranium, palladium and fertilizers continue to be imported from Russia.”India’s Russian oil imports increased from only 0.2% of total imports to more than 35% in recent months of East-War, making Russia India’s top supplier. Mea clarified that traditional suppliers in the Middle East made this change after traditional suppliers after the Ukraine War exports to Europe.Despite stress, India said it is committed to the ongoing trade talks. The next round of talks with the US is scheduled for 25-29 August in New Delhi. So far, five rounds have been held, but disagreement remains, especially on American demands for market access in agriculture, dairy and genetically modified food, India says millions of affecting livelihoods.The US is India’s top trading partner, with bilateral trade in 2024–25 $ 186 billion. India enjoys the trade surplus of about $ 44.4 billion with the US and services of about $ 44.4 billion.
