US President Donald Trump on Wednesday (local time) said that Prime Minister Narendra Modi had assured him that India would stop purchasing oil from Russia, describing it as "a big step" in efforts to increase global pressure on Moscow.
US President Donald Trump on Wednesday (local time) said that Prime Minister Narendra Modi had assured him that India would stop purchasing oil from Russia, describing it as "a big step" in efforts to increase global pressure on Moscow.
"There are lots of oil exporters in the world. India doesn't need to buy Russian oil. India buys Russian oil because it is cheaper. Nobody wants to buy Russian oil; they have to sell it at a discount. India has decided to make the trade-off to buy cheaper oil and look the other way, which
US President Donald Trump called on NATO and European nations to take stronger action against Russia, particularly criticising Europe for continuing to buy oil from Moscow.
Calling the community note on X "crap", Navarro alleged that Elon Musk is allowing "propaganda" and reiterated his accusations of India purchasing Russian oil only to make profits.
"The Indians are so arrogant about this. They say, oh, we don't have higher tariffs. Oh, it's our sovereignty. We can buy oil from anyone we want. India, you're the biggest democracy in the world. Okay? Act like one. Side with the democracies," he said in the interview.
Former US Ambassador to the United Nations Nikki Haley, in an opinion piece on Newsweek, emphasised the need to treat India as "prized free and democratic partner" to counter China said that "scuttling 25 years of momentum" with New Delhi would be a "strategic disaster."
In an interview with CNBC, Bessent said, "Before the war in Ukraine, less than 1% of India's oil came from Russia. Now it is 42%. The system is allowing India to profiteer by buying cheap Russian oil, reselling it, and pocketing $16B in excess profits. This opportunistic arbitrage is unaccep
"India will stand on its own. We will pursue policies which are in our national interest. There is no question of compromise or succumbing to pressure from anybody. We are the largest democracy in the world and we believe what we are doing is good. We will try to keep good relations with all
While the initial duty becomes effective on August 7, the additional levy will come into effect after 21 days and will be imposed on all Indian goods imported into the US, except for goods already in transit or those meeting specific exemptions.
"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
"I think he (Trump) is continuing on this irrational path. This is driven by a certain kind of personal antagonism, more than any reasonable negotiation, discussion or policy," Trigunayat told ANI.