India pushes back against sanctions, tariffs and threats over its purchase of Russian oil, accusing the West of trading more with Moscow, and of actually wanting it to buy Putin’s crude.
India on Monday hit back at the United States and European Union over sanctions, tariffs and threats that it has faced from them in recent days over its purchase of Russian oil amid the war on Ukraine.
New Delhi accused the US and EU of themselves importing substantial volumes of goods – including energy in the case of Europe – from Russia, while punishing India.
India’s strongest pushback yet, against mounting pressure from Washington and Brussels on trade and its ties with Russia, came hours after US President Donald Trump threatened to significantly increase tariffs he had previously announced against Indian goods.
Trump had last week imposed a 25 percent tariff on imports from India, which is expected to kick in from August 7. In a Monday social media post, however, he said he “will be substantially raising the Tariff paid by India to the USA” because of India’s imports of Russian crude.
