Students from Gurukul School of Art, transportation a poster of Prime Minister of India Narendra Modi and U.S. President Donald Trump connected India extracurricular their school. U.S. President Donald Trump imposed a 25% tariff connected India on with penalties for buying lipid and subject equipments from Russia.
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India said it was is being "targeted" by the U.S. and the European Union implicit its imports of Russian lipid aft U.S. President Donald Trump successful an overnight societal media station threatened New Delhi with overmuch steeper tariffs.
India began importing lipid from Russia lone aft accepted supplies were diverted to Europe pursuing the outbreak of the Russia-Ukraine warfare successful 2022, the country's overseas ministry said successful a connection precocious Monday.
The ministry called retired the EU and the U.S. saying, "it is revealing that the precise nations criticizing India are themselves indulging successful commercialized with Russia. Unlike our case, specified commercialized is not adjacent a captious nationalist compulsion [for them]."
The EU's bilateral commercialized with Russia stood astatine 67.5 cardinal euros ($78.1 billion) successful 2024, portion its services commercialized successful 2023 was astatine 17.2 cardinal euros, according to European Commission data. Citing that data, India said the bloc's commercialized was "significantly more" than India's full commercialized with Russia.
Data from the Indian embassy successful Moscow showed bilateral commercialized betwixt New Delhi and Moscow reached a grounds $68.7 cardinal for the twelvemonth ended March 2025, astir 5.8 times higher than the pre-pandemic commercialized of $10.1 billion.
The EU, meanwhile, was Russia's third-biggest commercialized spouse successful 2024, accounting for 38.4% of the bloc's full commercialized with the country, sliding from being Moscow's apical spouse successful 2020. EU's goods commercialized with Russia dropped to 67.5 cardinal euros successful 2024 from 257.5 cardinal euros successful 2021.
India's effect comes aft Trump threatened connected Monday that helium would beryllium "substantially raising" the tariffs connected India, though helium did not specify the level of the higher tariffs. The U.S. president had threatened a 25% work connected Indian exports, arsenic good arsenic an unspecified "penalty" past week.
He besides accused India of buying discounted Russian lipid and "selling it connected the Open Market for large profits."
Russia became the leading lipid supplier to India since the warfare successful Ukraine began, expanding imports from conscionable nether 100,000 barrels per time earlier the invasion, oregon a 2.5% of its full imports, to much than 1.8 cardinal barrels per time successful 2023, oregon 39%, according to the U.S. Energy Information Administration's study earlier this year.
"The United States astatine that clip actively encouraged specified imports by India for strengthening planetary vigor markets stability," the state said successful its statement.
According to the International Energy Agency, 70% of Russian crude was exported to India successful 2024. India said lipid imports were meant to guarantee predictable and affordable vigor costs to the Indian consumer.
India has successful the past defended its lipid purchases from Russia, with Hardeep Singh Puri, the country's vigor minister, saying successful an interrogation past period with CNBC that New Delhi helped stabilize planetary vigor prices and was encouraged by the U.S. to bash so.
"If radical oregon countries had stopped buying astatine that stage, the terms of lipid would person gone up to 130 dollars a barrel. That was a concern successful which we were advised, including by our friends successful the United States, to delight bargain Russian oil, but wrong the terms cap," Puri said.
India besides took purpose astatine the U.S, saying the state continues to import uranium hexafluoride for its atomic industry, palladium for the electric-vehicle industry, arsenic good arsenic fertilizers and chemicals.
U.S. bilateral commercialized with Russia successful 2024 stood astatine $5.2 billion, compared with astir $36 cardinal successful 2021, authorities information showed. The U.S. has not imposed immoderate "reciprocal tariffs" connected Russia.
"In this background, the targeting of India is unjustified and unreasonable. Like immoderate large economy, India volition instrumentality each indispensable measures to safeguard its nationalist interests and economical security," New Delhi said.
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