Trump threatens India to increase ‘heavy’ rates for buying Russian oil

Trump threatens India to increase ‘heavy’ rates for buying Russian oil

Donald Trump has threatened to raise the rate against India after buying oil from Russia.

The President of the United States wrote on his online platform on Monday, “They do not care about how many people in Ukraine are being killed by the Russian war machine.”

India is currently one of the largest buyers of Russian oil. This has become an important export market for Moscow after many European countries have reduced their trade after Russia launched a full-time invasion of Ukraine in the 5th.

Trump did not specify what the new rate would be, but it happens a few days later after he unveils 25% in size on India.

Delhi called Trump’s warning “justified and unrealistic.”

In a statement, Randhir Jaiswal, a spokesman for the Foreign Ministry of India, said the United States had encouraged the import of Russian gas at the beginning of the conflict, “to strengthen the stability of the global energy market”.

He said that India started importing from Russia because the traditional supply was diverted to Europe after the conflict started. “

While the United States is still trade with Russia, the United States also criticized the United States for identifying rates. The previous year, The United States traded goods Despite the rigorous approval and rates, the estimated $ 5 billion ($ 2.6 billion) costs with Russia.

“Like any major economy, India will take all necessary measures to protect its national interest and financial security,” the Foreign Ministry’s statement said.

Last week, Trump described India as “friends” whose prices on American products are very high. His latest truth social post hit a serious tone again.

“India not only bought a large amount of oil, but also sells that oil, they sell it in the open market for a big profit,” he wrote.

Prime Minister Narendra Modi has not ordered India’s oil refineries to stop buying Russian oil, Bloomberg said.

Ajay Srivastava, former Delhi -based Think Tank Officer and Chief of the Global Trade Research Initiative (GTRI) said that Trump has misleading India’s oil trade with Russia for several reasons.

He told the BBC that the trade was transparent and widely understood by the United States.

Mr. Srivastava said that due to Western approval, India increased the purchase of oil to help stabilize the global market after the global market supply was disrupted.

He said that India’s oil refineries – both public and private – decide where to buy crude oil based on factors such as prices, supply security and export rules. They work independently of the government and do not require its approval to buy from Russia or other countries.

Although the relations between the US and Russia have been heated after returning to the Trump White House in January, the US president has recently tightened his rhetoric against Kremlin and Russian President Vladimir Putin.

Trump has questioned whether Putin was really committed to peace with Ukraine. On Monday, he used a rigorous language in the truth social post, describing the Russian army as a “Russian war machine”.

The Russian leader has repeatedly said that he is ready for peace, but only if KYV has completed some conditions, such as to approve the Ukrainian provinces occupied by Russia.

Trump has threatened harsh rates to target Moscow oil and other exports to Moscow if he did not agree to the ban on Ukraine by August 8.

The US angel Steve Vitto is going to visit Russia this week, where he is expected to meet Putin.

Additional report

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