After US President Donald Trump announced an additional 25 per cent tariff on Indian goods, Shiv Sena (UBT) MP Priyanka Chaturvedi called it "hypocrisy." She said Trump is unfairly targeting India for buying oil from Russia, while US, EU, China, and Turkey continue to trade with Russia as
"Look, India and Russia have a very old relationship. And Russia is a trusted friend of ours. If we're importing oil from Russia, the reason for that is that we have to look at our oil security in our agriculture sector and transport sector. And it is not that we are doing it only through Ru
Trump's announcement, made on his social media platform Truth Social, came days after he announced a 25 per cent reciprocal tariff on India and an unspecified penalty for importing oil from Russia.
Karnataka Chief Minister Siddaramaiah on Friday said that the United States' decision to impose a 25 per cent tariff, along with an additional penalty on India for importing oil from Russia, would affect not just the nation but also the individual states.
US President Donald Trump today, in a social media post on his Truth Social Account, announced 25 per cent tariffs on India starting August 1. Trump also said India will face additional penalties for purchasing oil from Russia.
Petroleum and Natural Gas Minister Hardeep Puri said India's continued purchase of crude oil from Russia helped stabilise energy prices globally, and halting oil trade from Russia would have spiralled crude prices to over USD 120-130 per barrel.
Being asked about getting 'cheap oil' from Russia, Jaishankar in a stern reply said, "I get oil, yes. It is not necessarily cheap. Do you have a better deal?"
The import of crude oil from Russia has been suspended after more furnace oil was produced than petrol during the refining process, according to sources in the energy sector, The News International reported on Sunday.