US EditionIndia, Russia Hit Back After U.S. Accuses Modi Government of Fuelling Russia's War in Ukraine
MOSCOW, RUSSIA, AUG 5 – The Kremlin insists sovereign nations can independently choose trade partners as India imports 39% of its crude oil from Russia despite U.S. tariff threats, according to the U.S. Energy Information Administration.
- In response to Trump's tariff threats, the Kremlin emphasized that sovereign nations like India have the right to choose their trade partners, on August 5 in Moscow.
- Trump announced on July 31 a 25% tariff on Indian goods and threatened penalties for Russian oil purchases, saying he would 'substantially raise' duties.
- Earlier this year, the U.S. Energy Information Administration reported that Russia became India’s leading oil supplier with imports over 1.8 million barrels per day, 39% of total imports.
- India said it will safeguard its national interests and economic security, calling targeting 'unjustified and unreasonable', according to the Ministry of External Affairs.
- Global market observers note that Washington recently warned India, China, and Brazil of potential restrictions over Russian energy imports, threatening to 'substantially raise' prices.
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Al Bawaba - US President Donald Trump has threatened to increase tariffs on Indian goods due to its purchase of Russian oil, while the United States and Europe continue to trade extensively with Moscow despite the war in Ukraine...
armstrongeconomics.com
financialsurvivalnetwork.comKremlin Embraces India Amid US Economic Warfare
Economic warfare is dismantling free trade and turning friends into foes. This has nothing to do with trade tariffs, as the issue is the tariffs we are
Russia has reacted outrageously to the punitive threat of US President Trump against India over the purchase of Russian oil.
The Kremlin responded for the first time to the US and India tariff scandal, based on the Russian oil mass import fund by New Delhi, the spokesman for Kremlin, Dmitri Peskov, qualified US President Donald Trump's tariff threats to "intensification of States to break trade relations with Russia", reports the CNBC.
Sovereign countries have right to choose their trade partners: Russia on US tariff threats to India over oil purchase - The Tribune
Commenting on the US' threats regarding India, Kremlin Spokesman Dmitry Peskov told journalists, 'We believe that sovereign countries must have and do have the right to choose their trade partners, the partners in trade and economic cooperation, on their own and independently determine those modes of trade and economic cooperation that suit the interests of a country in question.'
India, Russia hit back after U.S. accuses Modi government of fuelling Russia's war in Ukraine
Russia accused the United States on Tuesday of exerting illegal trade pressure on India after U.S. President Donald Trump threatened again to raise tariffs on India over its purchases of Russian oil. Meanwhile, New Delhi pointed out it's not the only country purchasing Russian goods.
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