"Stop Buying Russian Oil Cannot Be Done in a Day": Why New Delhi Defies Washington on Customs Duties

Marianne

Lean Left

Factuality

Ownership

Under the pretext of rebalancing the trade balance, Washington targets the jewels of Indian export with a 25% surtax, then 50%: precious stones, textiles and pharmacy. Motif invoked: punishing New Delhi for its Russian oil purchases. Problem: India, the world's second largest importer of Russian crude oil, has no desire to deprive itself of this fuel at a broken price. State of play with Isabelle Bensidoun, assistant to the Director and responsi…